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Lucky Block Market Prediction: February 12
The Lucky Block market prediction is for the price to shake off any rustiness and push forward after the triangle structure’s upper border retest.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0000880, $0.0000600
Demand Zones: $0.0000470, $0.0000360
Lucky Block remains on course for an upsurge after it successfully breaches the upper border of its consolidation triangle. The market has decided not to rush into a rally, instead, it has waited for a retest of the triangle. This retest at the upper border should provide the needed springboard for the price to leap strongly off the triangle structure. The coin is afterward expected to breach $0.0000470 on its way to reaching the $0.0000600 resistance level
Lucky Block Market Prediction: LBLOCK/USD Anticipation
Lucky Block maintains its trajectory toward an upsurge following its successful breach of the upper border of the consolidation triangle.
Rather than rushing into a rally, the market strategically opted for a retest at the triangle’s upper border, serving as a crucial springboard for a robust leap off the triangle structure.
Subsequently, the coin is anticipated to surpass $0.0000470 on its journey towards the $0.0000600 resistance level.
LBLOCK/USD Medium-Term Trend: Bullish (4-hours chart)
Analyzing the daily timeframe, the price briefly ascended above the MA period 20 (Moving Average) before retracing for a retest at the upper border. The RSI (Relative Strength Index) line, impacted by the market’s retest, is poised to surpass the 50 mark eventually, signaling a bullish trend.
The pullback effect is evident in the 4-hour timeframe, with the candlesticks rising above the MA period 20 but dropping below it. The RSI experienced a notable rise, nearly touching the overbought border, before retracing just below the 50 mark. Despite the temporary pullback, indications suggest it will propel the coin into an upsurge towards $0.0000600, as affirmed by crypto signals. Investors are poised to capitalize on this promising market movement.
How to buy Lucky Block
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