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Lucky Block Market Prediction: December 8
The Lucky Block market prediction is for the coin to keep building its market until it reaches and surpasses the $0.0000800 significant level.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0000880, $0.0001100
Demand Zones: $0.0000260, $0.0000360
Lucky Block is edging closer to overcoming the $0.0000800 significant level. The market has been quite volatile since making the long-awaited breakout, and it helps it effortlessly glide beyond the key levels. On the daily chart, it took one big bullish candlestick for the market to rise beyond the parallel channel and the $0.0000360 consolidation border. Another big bullish candlestick has taken the price beyond $0.0000490 and $0.0000600. As we speak, there has already been a spike that surpassed $0.0000800 before the market corrected to its current level of around $0.0000700.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
Lucky Block is approaching a breakthrough of the significant level at $0.0000800, showcasing resilience in the face of recent market volatility following its long-anticipated breakout.
The journey beyond key levels has been facilitated by notable bullish momentum. On the daily chart, a substantial bullish candlestick propelled the market beyond the parallel channel and the $0.0000360 consolidation border.
Another robust candlestick elevated the price past $0.0000490 and $0.0000600. While a spike briefly surpassed $0.0000800, the market corrected to its current level of around $0.0000700.
Market Expectations
The Relative Strength Index (RSI) line on the daily chart has surged into an overbought position, aligning with the upward trajectory of the price. Candlesticks have extended beyond the upper Bollinger Band, and the recent spike rebounded off the same upper Bollinger Band.
In the 4-hour timeframe, the retracement has enabled the upper Bollinger Band to rise above the candlesticks. Although the RSI remains in the overbought region, it has slightly receded. Overall, the prevailing bullish strength suggests further upward movement can be anticipated in the market.
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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