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Lucky Block Market Prediction: January 31
The Lucky Block market prediction is for the price to embark on a bullish trend after it makes a U-turn at the $0.0000360 support zone.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0000470, $0.0000600
Demand Zones: $0.0000360, $0.0000260
The Lucky Block market is expected to make a U-turn very soon after it reaches the $0.0000360 support zone. The buyers remain resolutely on their agenda despite the dip in prices below $0.0000470. The buyers have made use of that unplanned move despite it not having been planned. The market can bring in more investors at the current lower price. With more investment in the coin, it is only natural that the bulls become stronger and then begin to wield their influence upon the market.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
The Lucky Block market is poised for an imminent U-turn, with the $0.0000360 support zone acting as a catalyst for this anticipated reversal.
Despite an unplanned dip below the $0.0000470 mark, resilient buyers have seized the opportunity to bolster their positions.
This unexpected move has not only attracted more investors at the current lower price but has also strengthened the bullish stance within the market.
Market Expectations
Trapped between the lower and mid Bollinger Bands, the market exhibits a continual drop in prices. However, as buyers foresee the impending U-turn, expectations are set for candlesticks to ascend above the middle band and extend towards the upper Bollinger Band. Concurrently, the RSI (Relative Strength Index) line, while displaying a gradual decline from overbought levels, remains indicative of a positive shift, having dipped below the 50 mark.
Zooming in on the 4-hour chart reveals promising upward movements of the RSI line, transitioning from the oversold border towards the middle line of the RSI chart. Simultaneously, Bollinger Bands are tightly constricting around the candlesticks on the smaller timeframe, creating favorable conditions for a breakout to the upside. These positive crypto signals suggest that the market is gearing up for a U-turn, marking a potential shift in fortune.
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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