Lucky Block Market Prediction: LBLOCK/USD Market Will Return Stronger After Returning to the Base Support

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Lucky Block Market Prediction: November 23

The Lucky Block market prediction is that the LBLOCK market will return stronger after returning to the base support at $0.0001337.

LBLOCK/USD Long-Term Trend: Bullish (4-hour Chart)

Key Levels:
Zones of supply: $0.0001670, $0.0001750, $0.0001880
Zones of Demand: $0.0001570, $0.0001500, $0.0001377

Lucky Block Market Prediction: LBLOCK/USD Market Will Return Stronger After Returning to the Base Support

On the 20th of the month, the LBLOCK/USD price moved drastically to get support, as the bulls’ impact on the market the day before waned significantly. It was therefore apparent that the $0.0001500 level couldn’t garner enough buyers as needed. Hence the touchdown on the base support to get more reinforcement for a bullish return.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

Yesterday, a bullish candle formed, signaling a bullish comeback, although failing to mitigate the effect of the day before. It is, however, expected that more buyers will resume activity as the days go by.

The Stochastic Oscillator indicator shows that the coin market has reached an oversold point. As selling activity becomes less attractive at the current price. This, however, poses a good entry point for investors willing to buy. As there are signs that the market will return to a bullish form soon.

The Relative Strength Index is also on the verge of crossing over to an oversold point. The lines of the indicator have been crawling around this point. This largely shows that the market is on the verge of being taken over by buy traders as trade entry from this point becomes juicier. An influx of buyers will be seen soon, leading to rising in price by a significant number of pips in a short time.

LBLOCK/USD Medium-Term Trend: Bullish (1-hour chart)

On the hourly chart, the RSI indicates an outright sold market. The TSI indicator also maintains that the coin has seen sufficient sales, and the current price level does not lend much credence to selling trades.

Lucky Block Market Prediction: LBLOCK/USD Market Will Return Stronger After Returning to the Base Support

The Stochastic Oscillator lines, however, do not show an oversold market any longer. The lines had initially crossed above the midline to indicate a reversal, but there appear to be some bears to beat. With this, a short period of consolidation might be seen, after which the price is expected to break back into the $0.0001500 level.

How To Buy Lucky Block

Note: Learn2.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.