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Lucky Block Market Prediction: November 28
The Lucky Block market prediction is for the coin to begin a bullish cycle after it comes to the end of a bearish one in the parallel channel.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0000880, $0.0000360
Demand Zones: $0.0000260, $0.0000200
Lucky Block is expected to rise off the lower border of the Parallel channel in another bullish cycle. Therefore, over the next few days, bullish candlesticks are expected to be dominant. The up-and-down movement of the market through the channel at a slightly inclined angle is helping it navigate upwards. A bearish cycle just ended with the price dropping to the lower channel border. Hence, bulls are expected to be taken over in a move that could even lead to a breakthrough out of consolidation.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
Lucky Block is poised to initiate another bullish cycle, anticipated to ascend from the lower border of the parallel channel.
Consequently, the upcoming days are expected to be characterized by a prevalence of bullish candlesticks. The market’s oscillation within the channel, at a slightly inclined angle, contributes to its upward navigation.
The conclusion of a recent bearish cycle, marked by a descent to the lower channel border, sets the stage for a potential takeover by bulls, possibly leading to a breakthrough out of consolidation.
Market Expectations
Examining the daily chart reveals that the Stochastic Oscillator lines have dipped below the middle line following the conclusion of the recent bearish cycle. Contrarily, the Relative Strength Index (RSI) line (though still below the 50 mark) has been consistently rising since the price dropped below the current support level, indicating bullish momentum.
On the 4-hour chart, the RSI is observed undulating around the middle line of its chart, reflecting a period of consolidation. Similarly, the Stochastic Oscillator lines range around the 50 mark. Once the anticipated bullish cycle gains full momentum, the price is expected to test the upper border of the channel, with the ultimate goal of breaking through to reach the $0.0000360 resistance 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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