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Lucky Block Market Prediction – May 20
The Lucky Block market prediction is for a bullish rebound as the price resets to the $0.0000260 support level to ease bearish pressure.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0000470, $0.0000600
Demand Zones: $0.0000300, $0.0000260
Lucky Block has returned to the $0.0000260 support level as the market resets itself. There has been much progress as the coin approaches the $0.0000360 resistance level to break through it. However bearish pressure persisted as the price rose and only got stronger with each upward movement. To stem the bearish tide, the market has reset itself back to $0.0000260. Letting go of the steam, bulls can be refreshed and then rally upward with renewed vigor.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
Lucky Block has reverted to the $0.0000260 support level as the market resets itself.
Significant progress had been made as the coin approached the $0.0000360 resistance level, aiming for a breakout. However, persistent bearish pressure intensified with each upward movement.
To counter this bearish momentum, the market has reset to $0.0000260. This move allows the bulls to regroup and prepare for a renewed upward rally.
LBLOCK/USD Medium-Term Trend: Bullish (4-hours chart)
The RSI (Relative Strength Index) line, stable around the 50 mark during the market’s rise through the triangle structure, has now dropped close to the oversold border. Meanwhile, the Stochastic Oscillator lines have plunged from the overbought region into the oversold zone as the market resets.
On the 4-hour chart, the indicators reflect similar patterns to the daily chart. The RSI line, gradually ascending around the 50 mark with consistently higher lows, has now fallen into the oversold region. The Stochastic Oscillator lines continue their volatile fluctuations, plunging into the oversold area. Crypto signals suggest that the reset may pave the way for a swift market rally as bullish momentum builds.
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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