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Lucky Block Market Prediction: December 5
The Lucky Block market prediction is for a continuous progression toward the $0.00003600 resistance after breaking out of 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’s price shoots above its parallel channel as the persistence of the buyers has started paying dividends. The market has been patiently ranging through the parallel channel since late October. So far, the channel has helped to conduct the price movement in a gently upward trend. As expected, the bulls, who have benefited more from the structural movement, have gone a step further to cause a breakout. The goal is now to breach the $0.00003600 resistance level.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
LBLOCK demonstrates an upward surge, surpassing its parallel channel, a testament to the persistent efforts of buyers yielding positive results.
Since late October, the market has navigated within the confines of a parallel channel, guiding the price trajectory gently upward.
The recent breakout, propelled by bullish momentum, now targets the breach of the $0.00003600 resistance level.
Market Expectations
Analyzing the daily chart, the Elders’ Force Index (EFI) has successfully elevated above the zero level, initiating an upward trajectory. Concurrently, the Relative Strength Index (RSI) approaches the overbought zone, surpassing the 50 mark.
In the 4-hour timeframe, the EFI power line attained its highest level since mid-November, reflecting the intensified bullish activity. The RSI line has entered the overbought zone as well. Anticipated is continued price growth towards and potentially beyond the $0.00003600 level as the bullish momentum persists.
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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