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Lucky Block Market Prediction: July 26
The Lucky Block market prediction is for the buyers to get keener on breaking through the barrier and exiting the prolonged price consolidation.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0001990, $0.0001420, $0.0001250
Demand Zones: $0.0000880, $0.0000720, $0.0000360
Lucky Block is likely to break its continuous ranging movement by surpassing the $0.0001420 supply level, driven by increasing momentum among buy traders. The recent piercing of the $0.0001100 resistance level with a long wick on a daily candle supports this view, and the expected target after the breakout is the $0.0001990 key level.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
Analysis of Lucky Block’s price movement suggests that the coin is poised to break out of its continuous-ranging pattern by surpassing the critical $0.0001420 supply level.
This breakout is anticipated due to the increasing momentum among buy-traders, evident from the recent piercing of the resistance at $0.0001100, as indicated by the long wick on the latest candlestick.
The daily MACD (Moving Average Convergence Divergence) indicator reveals a positive market sentiment, with prominent bullish histogram bars, even though the MACD lines have not yet crossed the zero level.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
Additionally, the Stochastic lines on the daily chart are gradually moving upward, approaching the middle line, indicating growing buying pressure. A similar bullish perspective is observed in the 4-hour time frame, with the MACD lines rising slightly above the zero level.
The upward movement of the MACD lines reinforces the notion of an impending breakout, driven by the increasing bullish efforts of investors. However, it’s important to note that the 4-hour Stochastic Oscillator lines have shown considerable volatility, fluctuating up and down and reaching the oversold boundary due to the recent spike in one of the candles.
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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