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Lucky Block Market Prediction – May 10
The Lucky Block market prediction is for the market to rise forcefully with bullish pressure against the $0.0000360 resistance level to violate it.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0000470, $0.0000600
Demand Zones:$0.0000360, $0.0000260
Lucky block is on the rise again, gunning for the $0.0000360 resistance level. The market has been tapering through a triangle-shaped pattern, hence the price has been rising and falling. Of recent, it dropped to the lower border of the triangle, and as of the time of writing, the market is on the increase towards the upper border which coincides with the $0.0000360 resistance level.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
LBLOCKUSD exhibits renewed bullish momentum, setting its sights on the $0.0000360 resistance level.
The market’s recent movements have traced a triangular pattern, characterized by alternating price rises and falls.
Presently, the market is ascending towards the upper boundary of the triangle, coinciding with the aforementioned resistance level.
LBLOCK/USD Medium-Term Trend: Bullish (4-hours chart)
As the price rebounds from the triangle’s lower border, it surpasses the MA period 20 (Moving Average), establishing it as a supportive factor for the upward trend. Additionally, the RSI (Relative Strength Index) line, having rebounded from oversold territory, hovers around the 50 mark, reflecting growing bullish sentiment.
On the 4-hour chart, the market’s bounce from the triangle’s lower boundary is further underscored by its rise above the MA period 20, reinforcing the upward price movement. Moreover, the RSI indicator on this chart timeframe has surged above the 50 mark and approaches the overbought zone, indicating increasing buying pressure. With these signals, LBLOCKUSD is poised to breach the resistance level in the near term.
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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