Lucky Block Market Prediction: LBLOCK to Rebound off $0.0002040

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Lucky Block Price Prediction for January 6

The Lucky Block price prediction is for the market to spring off the $0.0002040 resistance level. As a result, the price is now returning to its expected position.

LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)

Key Levels:
Zones of supply: $0002980, $0.0002460,
Zones of Demand: $0.0001570, $0.0002040

Lucky Block Market Prediction: LBLOCK to Test the $0.0002040 Level

The LBLOCK bulls have the upper hand in the market after driving the price action into a bullish structure. The buyers are set to implement this structure with the last stroke. The market thus needs a trigger and has decided to drop to get it from the $0.0002040 support level. Indications are that the price will make an immediate recovery and rise strongly.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

The market remains contested by bullish and bearish forces. However, the buyers can be said to have the upper hand as they have manipulated the market to a double-bottom bullish structure.

The bulls are applying the finishing touches to get the market to break past the resistance level at $0.0002980. The coin is currently pulling back to $0.0002040, to get a bullish trigger.

As a result, the RSI (Relative Strength Index) line has stopped rising and is now dipping toward the middle line. The middle line is a good level to bounce back up to as the price simultaneously touches $0.0002040.

LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)

The EFI (Elders Force Index) power line has likewise dropped back to an equilibrium level on the daily chart. Even on the 4-hour chart, the power line has also dropped, but it has maintained a level around the equilibrium level. This means the buyers have not lost control of the market and are still in a position to influence it.

Lucky Block Market Prediction: LBLOCK to Test the $0.0002040 Level

Meanwhile, the RSI line on the 4-hour chart, which has risen to the overbought level, has taken a dive, which has seen it drop below the middle line. Nevertheless, the coin is expected to make a swift recovery as it makes contact with the $0.0002040 support level and then makes a surge toward the $0.0002980 resistance to break through.

How To Buy Lucky Block

NoteLearn2.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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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.