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Lucky Block Market Prediction: January 11
The Lucky Block market prediction is for the market to keep ascending after it recovers from a temporary setback.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0000880, $0.0001100
Demand Zones: $0.0000600, $0.0000470
LBLOCKUSD is presently recovering back above the $0.0000470 significant level. The market had been consolidating into a triangle structure for several weeks. The sellers took advantage of the consolidation, and the breakout led to a price drop even below the $0.0000470 key level. Nevertheless, the buyers have hit back and are recovering the coin above $0.0000470.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
LBLOCKUSD is currently rebounding above the significant level of $0.0000470.
Despite weeks of consolidation within a triangle structure, a breakout initiated by sellers led to a temporary drop below the key level of $0.0000470.
However, buyers swiftly responded, reclaiming the coin above $0.0000470.The daily EFI (Elders Force Index) indicator exhibits a less pronounced reaction to the market drop, maintaining a position just below the zero level.
LBLOCK/USD Medium-Term Trend: Bullish (4-hours chart)
The daily Parabolic SAR (Stop and Reverse) remains unaffected, with dots consistently aligned above the candlesticks. On the lower timeframe, the impact of the price drop and subsequent recovery is more evident. The EFI line experienced a substantial drop from the equilibrium level but quickly rose back close to equilibrium.
Additionally, the Parabolic SAR dots on the same 4-hour timeframe, which were predominantly below the candles during the triangle taper, have now switched above. Confirmation of market recovery will occur when the Parabolic SAR dots switchback below, indicating bullish control.
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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