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Lucky Block Market Prediction: November 3
The Lucky Block market prediction is for the coin to exit its current accumulation phase and switch into a bullish tenure.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0000880, $0.0000360
Demand Zones: $0.0000260, $0.0000200
LBLOCKUSD is poised to exit its extended consolidation phase shortly, with gradual advancements toward the $0.0000360 resistance level. Following a minor dip below the current support at $0.0000260, buyers have become increasingly active, orchestrating a series of upward movements that help the coin stabilize back above $0.0000260. The aim is to challenge the $0.0000360 consolidation supply level. It’s only a matter of time before LBLOCKUSD breaks free from this price accumulation.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
LBLOCKUSD appears to be on the cusp of emerging from an extended consolidation phase, demonstrating a steady progression toward the $0.0000360 resistance level.
Despite a brief dip below the current support at $0.0000260, a resurgence of buyer activity has initiated a sequence of upward movements, effectively re-establishing the coin’s position above the $0.0000260 mark.
The primary objective is to challenge the resistance at $0.0000360, marking an imminent departure from this price consolidation phase.
Market Expectations
Analyzing the daily chart, the 30-period Moving Average (MA) has descended to align with the candlesticks, currently positioned above the trading range. Simultaneously, the Relative Strength Index (RSI) has rebounded from its oversold territory, exhibiting a promising trajectory as it readies itself for an upward trend.
Turning our attention to the 4-hour chart, the 30-period MA has slightly dipped to the trading level, acting as a potential support to facilitate a price ascent. Notably, the RSI on this timeframe has surged significantly, surpassing the 50-mark, underscoring the robust buying activity aimed at breaking free from the consolidation pattern and targeting the $0.0000880 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, product, or event. We are not responsible for your investment results.
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