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Lucky Block Market Prediction: April 2
The Lucky Block market prediction is for the price to attract investors at the $0.0000260 support level, at which point it will rally strongly
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0000470, $0.0000600
Demand Zones: $0.0000360, $0.0000260
LBLOCK is attracting investors at a lower price. The coin is still very much inclined to regain a higher price level. However, the coin seems to be delayed from making the expected rally from $0.0000360. As a result, Lucky Block has opted to attract investors at the lower support level of $0.0000260. As the coin keeps dropping towards the level, the bulls are already jumping into the market. A reversal is expected soon enough.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
LBLOCK continues to attract investor attention, particularly as it approaches lower price levels.
While the coin exhibits a strong inclination to reclaim higher price points, its anticipated rally from $0.0000360 seems to be delayed.
Consequently, Lucky Block has strategically positioned itself to appeal to investors at a lower support level of $0.0000260. As the coin approaches this level, bullish activity is evident, hinting at an impending reversal.
LBLOCK/USD Medium-Term Trend: Bullish (4-hours chart)
Analyzing the market dynamics through the daily chart reveals insights into its movement with the Envelope indicator. The coin surged beyond the upper band following its rally from $0.0000360. However, after facing rejection at $0.0000750, it retraced towards the lower band. The Moving Average Convergence Divergence (MACD) indicator, despite being below the zero level, has shown a reduction in the accompanying bearish histogram bars.
On the 4-hour timeframe, when the coin was trading above $0.0000360, candlesticks predominantly oscillated around the middle line of the Bollinger Band. However, as the price descended below this support level, it simultaneously approached the lower band of the Envelope indicator. The MACD lines, which were previously progressing towards the zero level, reversed direction upon the price decline below $0.0000360. Nevertheless, a firm bullish foundation is expected to be established at $0.0000260, potentially enabling the market to resist further bearish pressures and drive the price upwards.
How to buy Lucky Block
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.
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