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Lucky Block Market Prediction: February 7
The Lucky Block market prediction is for the coin to adjust for a potential breakout using a triangle consolidation structure and the robust $0.0000360 demand level.
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 on the verge of a breakout using a triangle consolidation structure. The previous triangle consolidation led to a drop in price below $0.0000470 and further downward. However, the next demand level had been very robust, causing the market to move laterally into a new triangle structure. As the price tapers further into the triangle, there is the potential for a breakout to the upside, which the bulls intend to exploit fully.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
Lucky Block is teetering on the edge of a potential breakout, marked by a triangle consolidation structure.
Following a previous consolidation that led to a dip below $0.0000470, the market found resilience at a robust demand level, prompting lateral movement and the formation of a new triangle structure.
As the price converges within this triangle, there’s bullish breakout potential eagerly awaited by the bulls.
LBLOCK/USD Medium-Term Trend: Bullish (4-hours chart)
Presently on the daily chart, the MA Cross (Moving Average) has shifted downward since the critical $0.0000600 level, hovering above the candlesticks. Simultaneously, the RSI (Relative Strength Index) indicator is descending from overbought territory toward the oversold border. Confirmation of the breakout requires redirecting these indicators.
On the 4-hour timeframe, the MA Cross is no longer on a downward trajectory but is moving laterally, indicating preparation for a breakout. The RSI is displaying dynamic fluctuations around the middle line, leaning slightly towards the downside. With a robust demand level below, crypto signals suggest a potential upside breakout, with the likely destination for the Lucky Block market being $0.0000600.
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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