Lucky Block Market Prediction: LBLOCK Rises Despite Recent Undulation

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Lucky Block Market Prediction: January 16

The Lucky Block market prediction is for the coin to keep rising a trendline till it gains the audacity to break all barriers and surge higher.

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

Key Levels:
Zones of supply: $0002980, $0.0002150
Zones of Demand: $0.00002040, $0.0001880

Lucky Block Market Prediction: LBLOCK is on the rise despite the back and forth movement

Lucky Block buyers are trying to gain the upper hand at the expense of the sellers. The market made a strong recovery back above the $0.0002040 support level, but a tussle ensued that forced the price to trade laterally and eventually drop back, but not back to the previous low. Thus, the coin keeps making higher lows in favor of the buyers, who are set to grow stronger and then take the market forcefully.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

The LBLOCK market recently recovered back above the $0.0002040 key level. The coin was intending to continue its rise from there, but bearish forces stepped in to hinder the movement.

This led to a lateral movement in the market as the coin tried to find a definite direction. Eventually, the price dipped back below the support level.

It is worth noting, however, that despite the drop, LBLOCK appears to maintain a higher low. This is the hidden agenda of the buyers: to take the market by storm when they fully gather strength.

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

The MACD (Moving Average Convergence Divergence) indicator which was once strongly bullish, has been modified to signal a generally ranging market as the lines swing up and down the zero level. However, on the 4-hour chart, the MACD lines are showing a bearish state following the latest slip in the price.

Lucky Block Market Prediction: LBLOCK Rises Despite Recent Undulation

While the Parabolic SAR (Stop and Reverse) on the daily chart also depicts the current state of the market’s plunge, The 4-hour chart already shows a sign of recovery by switching below the candlesticks. The market keeps making new lows, and it is only a matter of time before the buyers become aggressive and break through all barriers to $0.0002980.

How To Buy Lucky Block

NoteLearn2.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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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.