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Lucky Block Market Prediction: November 24
The Lucky Block market prediction is for the coin to switch to a bullish cycle as it keeps undulating upward within the parallel channel.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0000880, $0.0000360
Demand Zones: $0.0000260, $0.0000200
Lucky Block is set to see another set of bullish candlesticks as the bearish cycle ends and a new bullish cycle starts in the parallel channel. The market movement through the channel is in cycles, with the general channel inclined toward an upward trajectory. The price has dropped to the lower half and the border of the channel is now set to commence the bullish cycle, which will see a set of bullish candlesticks push the price to the upper half and border of the channel as the general market keeps an upward trend
Lucky Block Market Prediction: LBLOCK/USD Anticipation
Lucky Block is poised for a show of bullish candlesticks as the bearish cycle concludes, marking the initiation of a new bullish cycle within the parallel channel.
The market’s movement through this channel follows distinct cycles, characterized by a general inclination upward. After the price dipped to the lower half of the channel, it is now primed to embark on a bullish cycle.
This anticipated cycle will witness a series of bullish candlesticks propelling the price towards the upper half and border of the channel, maintaining the overall upward trend.
Market Expectations
Examining the daily chart reveals that the Parabolic SAR (Stop and Reverse) dots have positioned themselves beneath the parallel channel, aligning with the consistent upward movement of the market. Conversely, the Elders Force Index (EFI) power line has undergone a considerable journey, ascending back to the equilibrium level. Presently, it exhibits undulating behavior around this level, indicative of an anticipation of more pronounced market movements.
On the 4-hour chart, the Parabolic SAR dots continue to alternate around the 4-hour candles, illustrating the cyclical nature of market movement within the parallel channel. Concurrently, the EFI displays a heightened degree of undulation around the equilibrium line. Overall, while the market is steadily progressing upward, an impending upsurge is expected at some point, potentially leading to a breakout from the consolidation zone and the parallel channel.
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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