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Lucky Block Market Prediction: April 11
The Lucky Block market prediction is for the price to either rally from its current position in consolidation or drop to $0.0000260 before the anticipated rally.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0000470, $0.0000600
Demand Zones: $0.0000260, $0.0000360
Lucky Block might eventually drop to the $0.0000260 support level before it carries out its anticipated rally. While bearish pressure persists in the market, the buy traders are looking for a way to overrun the sellers. The current strategy, which has been employed previously by the coin, is to slide to a lower price, allowing trades to invest in the market at a low price. This will then help to build strength for the rally.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
Lucky Block (LBLOCKUSD) appears to be on the verge of testing the $0.0000260 support level before potentially initiating its anticipated rally.
Despite the prevailing bearish pressure, buy traders are actively positioning themselves to overpower the sellers.
Historically, the coin has adopted a strategy of descending to lower price points, allowing traders to invest at more favorable rates. This approach typically fosters strength and momentum for an eventual rally.
LBLOCK/USD Medium-Term Trend: Bullish (4-hours chart)
Currently, the Moving Average period 20 (MA period 20) on the daily chart remains positioned above the candlesticks, though it is expected to draw closer as the price stabilizes and prepares for an upward movement. The Elders Force Index (EFI) initially dipped below the zero level but has reversed course and is now approaching equilibrium, indicating potential market stabilization.
On the 4-hour timeframe, the market is consolidating between key levels, causing the MA period 20 to slide alongside the candles. Concurrently, the EFI is oscillating around the equilibrium level. While the market shows promise for a direct rally from its current position, a test of the $0.0000260 support level remains a possibility before the anticipated rally.
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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