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Lucky Block Market Prediction: October 19
The Lucky Block market prediction is for the coin to prevent further price drops in anticipation of a major rally to $0.0000880.
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 has prevented further blips to preserve the potential for a price rally. The market has been ranging between two significant levels: the $0.0000360 resistance level and the $0.0000260 support level. However, due to the time the price has been accumulating, the bears are looking to take advantage to plunge the price further, but this has been prevented as the coin only drops slightly below the $0.0000260 level.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
Lucky Block has effectively thwarted any significant downturn to preserve the potential for an imminent price rally.
The market has remained range-bound between two pivotal levels – the $0.0000360 resistance and the $0.0000260 support.
While the extended accumulation period has tempted bears to push the price lower, it has only dipped slightly below the $0.0000260 support level.
Market Expectations
This slight dip in the price has caused it to touch the lower Bollinger Band. Meanwhile, the EFI (Elders Force Index) line has climbed in proximity to the zero mark, poised for a potential breakthrough to initiate a rally.
Examining the 4-hour chart, the Bollinger Band has positioned itself beneath the candlesticks, poised to provide stability and ultimately drive the price back above the critical $0.0000260 level. The EFI power line, which initially experienced a sharp decline, has now demonstrated a significant reversal upward. In light of these factors, the coin is expected to recover above $0.0000260.
How To Buy Lucky Block
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, presented product, or event. We are not responsible for your investment results.
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