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Lucky Block Market Prediction: March 14
The Lucky Block market prediction is for the coin to eventually make a bullish reversal despite the dip below the $0.0000600 key level.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0000600, $0.0000750
Demand Zones: $0.0000360, $0.0000260
LBLOCKUSD bullish reversal remains on the cards despite the price drop below the $0.0000470 significant level. The market has been plunging since the coin hit an impenetrable barrier at $0.0000750. Since then, the bears have dominated the market, causing a continuous dip in price. The buyers arrayed at $0.0000470 and didn’t exert enough strength to hold onto the price, leading to further drops. The market is now closer to $0.0000360, where it previously reversed, so another bullish reversal is certain.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
LBLOCKUSD’s bullish reversal remains highly probable despite its recent decline below the significant level of $0.0000470.
Following its encounter with a formidable barrier at $0.0000750, the market has been under the sway of bears, leading to a sustained downtrend. Despite initial efforts by buyers to support the price at $0.0000470, the lack of sufficient buying pressure resulted in further downward movement.
As the price approaches the $0.0000360 level, where a previous reversal occurred, the likelihood of another bullish reversal becomes increasingly certain.
LBLOCK/USD Medium-Term Trend: Bullish (4-hours chart)
On the daily chart, the Parabolic SAR (Stop and Reverse) dots have positioned themselves above the daily candlesticks since the rejection at $0.0000750, indicating prevailing bearish sentiment. Additionally, the Stochastic Oscillator lines have descended to the oversold region, presenting a potential opportunity for an upward reversal.
On the 4-hour timeframe, the Parabolic SAR dots are dispersed around the candles as the price nears the $0.0000360 support level. Meanwhile, the Stochastic Oscillator lines have reversed direction and surged above the oversold border, signalling a resurgence in buying activity. This suggests buyers are gradually regaining control and may soon influence the market upward. LBLOCKUSD’s next objective will likely be reclaiming the $0.0000600 level as part of its bullish reversal strategy.
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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