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Lucky Block Market Prediction: September 11
The Lucky Block market prediction is for the coin to bounce off the $0.0000880 support for another surge toward the resistance levels.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0001990, $0.0001420, $0.0001250
Demand Zones: $0.0000880, $0.0000720, $0.0000360
LBLOCKUSD broke out of a prolonged consolidation and kept rising through the resistance levels till it reached $0.0001250. A rejection at this point caused a major pullback in the market, with the price slipping back to the significant demand level of $0.0000880. The strength and effect of this key level are already on display as it repels the market upward, as it has always done. The buyers are looking to capitalize on the strength of the $0.0000880 demand to recover and go offensive against the resistance again.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
After an extended consolidation period, LBLOCKUSD successfully broke free and advanced through various resistance levels, ultimately reaching $0.0001250.
However, a subsequent rejection at this juncture triggered a notable retracement, bringing the price back to the significant demand level of $0.0000880.
The resilience of the demand level is readily apparent, as it has consistently acted as a robust springboard for the market. Buyers are now keen to harness the strength of the $0.0000880 support to mount a resurgence and confront the resistance once more.
Market Expectations
In terms of technical indicators, the 30-period Moving Average (MA) has been exhibiting a lateral movement following the breakout and is now positioned above the candlesticks in response to the price decline to $0.0000880. As efforts to recover gather momentum, the Relative Strength Index (RSI) line is approaching the midline once again.
It’s noteworthy that on the 4-hour chart, the MA with a 30-period setting has shifted to serve as support at the current trading level. Simultaneously, the RSI line has ascended above the midpoint, although there may be a slight retracement back to $0.0000880 before a robust and decisive ascent toward the $0.0001250 resistance level can be expected.
How To Buy Lucky Block
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
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