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Lucky Block Market Prediction – May 7
The Lucky Block market prediction is for the price to utilize the triangle structure to shoot upward beyond the $0.0000360 significant level.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0000600, $0.0000470
Demand Zones: $0.0000360, $0.0000260
Lucky Block assumes a triangle shape to complete the breakout from below the $0.0000360 significant level. The buyers are rebuilding the market from the $0.0000260 support level though bearish pressure lingers. The LBLOCK market is taking a strategic approach to push against the pressure and rise above the $0.0000360 resistance and that is by assuming an asymmetric triangle shape by which it is expected to surge upward.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
Lucky Block exhibits a triangular pattern as it prepares for a breakout above the significant level of $0.0000360.
Despite lingering bearish pressure, buyers are gradually rebuilding the market from the $0.0000260 support level.
The coin is strategically aiming to surpass the resistance at $0.0000360 by assuming an asymmetric triangle shape, signaling a potential upward surge.
LBLOCK/USD Medium-Term Trend: Bullish (4-hours chart)
A notable market spike occurred on April 24th, reaching nearly $0.0000470 before correcting below $0.0000360. This spike establishes a high benchmark, evident as the Parabolic SAR (Stop and Reverse) dots trend downward, indicating a bearish trend. However, the Moving Average Convergence Divergence (MACD) has recently crossed above the zero level, accompanied by robust bullish histogram bars, signaling potential bullish momentum.
Within the 4-hour timeframe, the dots have transitioned below the 4-hour candlesticks, yet the candles continue to fluctuate within the triangle pattern. This fluctuation prompts another transition of the dots above the candles. Additionally, the MACD lines, having surged significantly above the zero level, have now crossed downward, forming bearish histogram bars. The market is poised to mature and break out of the triangle pattern, potentially breaching 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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