Lucky Block Market Prediction: LBLOCK Maintains a Rising Trendline and Avoids a Drop

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Lucky Block Market Prediction: January 25

The Lucky Block market prediction is for the coin to lift off from the rising trendline after overcoming the battle for a price drop.

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

Key Levels:
Zones of supply: $0002980, $0.0002150, $0.00002040
Zones of Demand: $0.0001570, $0.0001360, $0.0001250

Lucky Block Market Prediction: LBLOCK Maintains a Rising Trendline and Avoids a Drop

The Lucky Block market is structured to eventually break out to the upside. However, the volatility has been on the decline ever since, with occasional surges before the decline resumes. Now at the lower trendline, the bears are trying to take advantage of the low volatility to dump the coin below the trendline. The bulls have stood firm to deny such intervention, and now the price is set to resume its undulating movement.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

The Lucky Block market is structured to aid its bullish course. Even though the market is capped at the top by the $0.0002980 resistance, it is padded underneath by a rising trendline.

Hence, each forward movement helps it put more and more pressure on the resistance level until it weakens and gives way. However, the coin is battling against a drop below the trendline.

The ATR (Average True Range) indicator shows that market volatility is at a record low. The bears are trying to take advantage to dump the price below the trendline, but LBLOCK has remained obstinate.

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

The EFI (Elders Force Index) power line on the daily time frame has not dropped far below the zero level. The line is on its recovery to rise back above the zero level. The 4-hour EFI has risen even closer and is around the equilibrium level. Such is the progress the market is making.

Lucky Block Market Prediction: LBLOCK Maintains a Rising Trendline and Avoids a Drop

The Average True Range indicator on the 4-hour chart stopped plunging and is now moving in a sideways trend. The Lucky Block market will resist the drop below the rising trendline with or without an increase in volatility, but an increase in volatility will undoubtedly help the buyers’ course. The market will first climb back above $0.00002040 before pushing further to test the $0.0002980 resistance level.

How To Buy Lucky Block

NoteLearn2.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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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.