Lucky Block Market Prediction – May 24
The Lucky Block market prediction is for the price to rise above the next key level after it jerks back above the $0.0001250 line.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0002980, $0.0001990, $0.0001690
Demand Zones: $0.0001420, $0.0001250, $0.0000880
The Lucky Block market is now repelling the influence of the bears after it received much investment at a low of $0.0000880. The market has been jerked up very high but has now settled above the $0.0001250 key level. The bulls will look to increase momentum to jerk to higher price levels.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
Although LBLOCKUSD has been predominantly bullish, the inability to surmount the $0.0001990 resistance allowed the bears to sneak into the market to influence it.
This led to the coin falling below several major levels until it reached a low price of $0.0000880. However, this has even worked to our advantage as investments poured into the market at that low price.
This resulted in a jerk-up of the price high above the resistance before it dropped to settle above $0.000125. The Momentum indicator shows an increase; however, the momentum has to continue for the price to rise.
Market Expectations
The RSI (Relative Strength Index) line has likewise jerked off the oversold border towards the middle line on the daily chart. Meanwhile, it has risen to the overbought border in the 4-hour timeframe. The retracement back to $0.0001250, however, causes the RSI to pull back towards the middle line.
The Momentum indicator on the 4-hour chart has likewise risen strongly into a positive value but shows a slight retracement. The price is currently holding above the $0.0001250 key level and will look to increase momentum to push back to higher levels, most likely the $0.0001620 key zone.
How To Buy Lucky Block
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