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Lucky Block Market Prediction – October 17
The Lucky Block market prediction is for the bulls to keep growing in dominance after they bring the market to equilibrium.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Critical Levels:
Supply Zones: $0.0000880, $0.0000360
Demand Zones: $0.0000260, $0.0000200
Lucky Block continues in its lateral movement ahead of a potential rally. At this juncture, the bulls have cancelled out the bearish activity leading to a near-equilibrium situation in the market. Furthermore, it is anticipated that the strength of the bulls will keep building up till they dominate the market and push the price beyond the current $0.0000360 resistance level.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
Lucky Block continues its lateral movement, hinting at a potential rally on the horizon.
Currently, the market has achieved a balance between bullish and bearish forces, creating an equilibrium. This equilibrium is expected to be a precursor to a surge in bullish strength.
This is expected to propel the price above the current resistance at $0.0000360. The daily Elders Force Index (EFI) power line suggests the market is approaching equilibrium, driven by the force of the bulls.
Market Expectations
Also on the daily chart, the Relative Strength Index (RSI) shows a lateral movement in the oversold region, indicating that the market is in an oversold condition and poised for an imminent rise.
The 4-hour chart provides further evidence of equilibrium in the market. The RSI indicator exhibits fluctuations primarily around the 50 mark, reflecting a balanced condition. Similarly, the 4-hour EFI power line fluctuates around the zero level. It is expected that the bullish dominance will continue to grow, eventually driving the market toward the $0.0000880 level.
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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