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Lucky Block Market Prediction: September 5
The Lucky Block market prediction is for a swift recovery of the coin back towards the $0.0001250 resistance after a sudden plunge, thereby rewarding the buyers.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels
Supply Zones: $0.0001990, $0.0001420, $0.0001100
Demand Zones: $0.0000880, $0.0000720, $0.0000360
LBLOCKUSD creates a buying opportunity at an unexpectedly low price after it fails to breach the $0.0001250 supply level. The momentum to reach that height was gained after a breakout from prolonged consolidation in a triangle formation. The coin scaled the $0.0001100 resistance but failed to do the same at $0.0001250. This has led to a sudden plunge back to the $0.0000880 demand, a huge buying opportunity due to the inherent bullish recovery potential of the coin.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
LBLOCKUSD presents an attractive buying opportunity at an unexpectedly low price point, following its inability to breach the $0.0001250 supply level. This momentum was initially generated through a breakout from a prolonged consolidation phase within a triangle formation.
While the coin successfully surpassed the $0.0001100 resistance, it encountered resistance at $0.0001250, resulting in a rapid descent back to the $0.0000880 demand level.
This drop offers a substantial buying opportunity, given the inherent potential for bullish recovery within the coin. One key indicator of this recovery potential lies in the fact that, despite a temporary dip below the 30-day Moving Average (MA) on the daily chart, the coin has promptly rebounded, nearly surpassing the MA once more.
Market Expectations
Additionally, the Moving Average Convergence Divergence (MACD), while displaying a downward crossover, remains above the zero level and exhibits healthy bullish histogram bars. These factors suggest the market could experience a swift rebound, rewarding early investors.
On the 4-hour chart, despite the price briefly dipping below the MA period 30 and the MACD lines crossing below zero, the price has retraced comfortably above $0.0000880. The substantial recovery potential within the market makes it an opportune moment for investors to participate in the upward movement, aiming for a return to the $0.0001250 level from its current low price point.
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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