Lucky Block Market Prediction: LBLOCK Gears Up for Strong Rebound From $0.0000470

Lucky Block Market Prediction: March 11

The Lucky Block market prediction is for the price to take advantage of the drop to $0.0000470 to rebound strongly back upwards.

LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)

Key Levels:
Zones of Supply: $0.0000750, $0.0000600,
Zones of Demand: $0.0000470, $0.0000360

Lucky Block will aim to rebound off its previous demand level of $0.0000470. The market has expended much energy over the past few weeks. The price rose off the $0.0000360 resistance level and navigated through several barriers to reach a height of $0.0000750. However, rejection of the resistance, coupled with the exhaustion of the buyers, led to a slump below the immediate support level at $0.0000600. Sustained pressure has forced the price to the next support at $0.0000470, where the market will rebound strongly.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

Lucky Block is positioned for a rebound from its established demand level at $0.0000470.

Despite expending considerable energy in recent weeks, the market initiated an upward trajectory from the $0.0000360 resistance level, surmounting multiple barriers to an impressive $0.0000750.

However, encountering resistance and buyer exhaustion prompted a dip below the immediate support at $0.0000600. Persistent pressure has now guided the price to the next support level at $0.0000470, setting the stage for a resilient rebound.

LBLOCK/USD Medium-Term Trend: Bullish (4-hours chart)

While the price experienced a decline beneath the $0.0000600 support, the MA period 50 (Moving Average) maintains a position below the market, poised to act as a robust support layer for the impending rebound from the $0.0000470 level. Simultaneously, although briefly dipping below the zero level, the EFI (Elders Force Index) indicator has arrested its descent and shows signs of an imminent upturn.

In the shorter timeframe, the market has traded below the MA Period 50 (Moving Average) as it approaches the $0.0000470 support level. The EFI indicator in this timeframe has rebounded to the equilibrium level, hovering just marginally below it. With a clear willingness to resume its bullish trajectory, the market awaits a trigger that could propel the price upward once again. Crypto signals suggest a potential strong rebound.

How to buy Lucky Block

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.