Lucky Block Market Prediction: LBLOCK Retests the Rising Trendline in Preparation for a Rally

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Lucky Block Market Prediction: January 19

The Lucky Block market prediction is that the price will take off after retesting the rising trendline. The rally is expected to lift the coin back above $0.0002040.

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

Key Levels:
Zones of supply: $0002980, $0.0002460, $0.0002150
Zones of Demand: $0.0001570, $0.0001360, $0.0001250

Lucky Block continues with its bullish restructuring by forming another higher low movement below the $0.0002040 key level. The market is set to rally upward, but that will be after the retest of the current rising trendline on which it is anchored. A successful operation will see the coin surge back above the $0.0002040 key level and prepare for a test of the $0.0002980 resistance level.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

Lucky Block slipped off the $0.0002040 key level for the third time about a week ago. However, the price drop is following the bullish structuring the market is undertaking.

The market is structured to taper, as it is capped at the top at $0.0002980, yet it keeps recording a higher low with each drop. The market is thus conforming to a rising trendline.

The coin is expected to rise again, but it is currently retesting the trendline. The MACD (Moving Average Convergence Divergence) remains fluctuating around the zero level on the 4-hour chart.

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

The MACD on the 4-hour chart shows signs of an upturn in the market, albeit from a position below the zero level. The retest of the trend line has briefly tempered the rise of the MACD lines toward the equilibrium level. The upward rise will continue immediately after the price takes off from the rising trendline.

The Parabolic SAR on the daily chart is yet to react to the buyers’ move until a more substantial movement occurs. On the 4-hour chart, the dots are lined below the bullish candles, but, have switched back above the candles due to the retracement. The resulting rally should send the price above $0.0002040 and towards $0.0002980.

How To Buy Lucky Block

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