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Lucky Block Market Prediction: March 7
The Lucky Block market prediction is for the buyers to pump the market so that it surges toward the resistance level shortly.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0000600, $0.0000750
Demand Zones: $0.0000470, $0.0000360
The Lucky Block market is keen to return to its bullish course after it suffered rejection at the $0.0000750 resistance level. Immediately after the rejection, the price dropped below the former demand level of $0.0000600. However, the bulls have been revived and are keen to push the price back to the $0.0000750 key level. Nevertheless, it first has to overcome the $0.0000600 former demand level.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
LBLOCK displays an assertive move against the resistance level, signaling a determined effort to resume its bullish trajectory.
The market suffered rejection at the beginning of the week at the $0.0000750 level. The rejection caused the price to swiftly descend below the previous demand level at $0.0000600.
However, a resurgence of bullish momentum aims to challenge the $0.0000600 level, which has now turned into a supply barrier.
LBLOCK/USD Medium-Term Trend: Bullish (4-hours chart)
Examining the daily chart, the MACD (Moving Average Convergence Divergence) has been rising above the zero level but then had a downward cross following the rejection. However, with the emergence of bullish candles, the trajectory is poised to shift back upward Despite the rejection’s impact, which led to a drop below the $0.0000600 level and the middle Bollinger Band, the bulls have regained control, propelling the coin back above the middle Bollinger Band and setting sights on the $0.0000750 level.
In the 4-hour timeframe, the candlesticks have surged above the Bollinger Band middle line, exerting pressure on the $0.0000600 barrier. The MACD lines, having previously dipped below the zero level due to the rejection, have now crossed upward, indicating a resurgence and heading back toward the zero level. The presence of bullish histogram bars further underscores the bulls’ determination to push the price upward, targeting the $0.0000750 level. These crypto signals suggest a potential bullish continuation.
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.
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