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Lucky Block Market Prediction: August 24
The Lucky Block market prediction is for the market to continue on its upward trajectory to challenge the $0.0001100 resistance level.
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
The LBLOCK market has begun to execute its bullish tendencies and is now on the front foot as it rises towards the immediate resistance level at $0.0001100 to break it. So far, the coin is making a gentle and gradual approach to rallying, but it still retains the propensity for an upward spike. This was quite obvious in its spikes before now. The coin’s goal will be to bypass the psychological level of $0.0001420.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
LBLOCK is currently on an ascending trajectory, aiming to challenge the resistance level at $0.0001100. The market exhibits a deliberate and measured upward movement, driven by its bullish inclinations.
However, it’s vital to acknowledge that the coin has a history of sudden upward spikes, as evidenced by previous instances.
The overarching objective of LBLOCK is to surpass the psychological barrier of $0.0001420. The presence of the Stochastic Oscillator lines within the oversold region indicates a significant potential for a major price reversal.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
There is a clear desire for the market to push upward in the daily timeframe. This anticipation aligns with the steady rise observed in the EFI (Elders Force Index) powerline, which has transitioned from a negative value to a positive one, also on the daily chart.
Taking a closer look at the 4-hour chart, the Stochastic lines have rebounded, positioning themselves around the middle line of the chart. Simultaneously, the EFI line has surpassed the zero level, firmly establishing itself in positive territory. These indicators collectively suggest that LBLOCK is on a trajectory toward the $0.0001420 mark as it seeks to build on its current bullish momentum and potentially achieve a breakthrough.
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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