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Lucky Block Market Prediction – May 6
The Lucky Block market prediction is for a definite breakout beyond the $0.0000360 resistance level to higher prices.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0000600, $0.0000470
Demand Zones: $0.0000360, $0.0000260
Lucky Block is closer to a breakout beyond the $0.0000360 resistance level than it has ever been. Even though the coin dropped to the $0.0000260 support level to attract more bullish investments, it has not been particularly straightforward to push the price continuously upward. Bearish pressure is lingering in the market and the coin has had to throw up many spikes randomly to weaken the resistance level. Nevertheless, at the point of writing, the coin has strung up consecutive bullish candlesticks to edge ever closer to a breakout.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
Lucky Block (LBLOCKUSD) inches closer to a potential breakout above the resistance level of $0.0000360, marking a significant juncture for the coin’s trajectory.
While the coin experienced a dip to the support level of $0.0000260, aimed at attracting bullish investments, the path to sustained upward momentum hasn’t been without challenges.
Lingering bearish pressure persists in the market, prompting sporadic spikes aimed at weakening the resistance level. However, as of the time of writing, Lucky Block has demonstrated resilience, stringing together consecutive bullish candlesticks and edging ever closer to a breakout.
LBLOCK/USD Medium-Term Trend: Bullish (4-hours chart)
On the daily chart, the Moving Average Cross (MA Cross) has maintained an upward trajectory since its upward crossover, acting as a reliable support during minor pullbacks. Presently, the coin has rebounded off this support, advancing towards the resistance level. Concurrently, the Elders Force Index (EFI) power line has consistently formed higher lows, gradually ascending to a positive value above the zero line, indicating strengthening bullish momentum.
Within the 4-hour timeframe, multiple crosses of the MA Cross occurred during the price pullback. However, the latest cross is upward, suggesting the market is preparing for a potential confrontation with the resistance level. Notably, on the EFI chart, the power line has surged decisively above the zero level, providing buyers with an advantageous position as they anticipate a breakout beyond $0.0000360.
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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