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Lucky Block Market Prediction – May 29
The Lucky Block market prediction is for a potential breakout from consolidation, an upward movement towards the $0.0000360 resistance level to breach it.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0000470, $0.0000360
Demand Zones:$0.0000300, $0.0000260
Lucky Block has reverted to a lower price level at the $0.0000260 support level to attract buyers. There have been a lot of back and forths in the market as the coin is always attempting to rally. The latest act sees the price drop to the support level after haggling the $0.0000360 resistance level for a while.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
Lucky Block has strategically reverted to a lower price, resting at the $0.0000260 support level.
The move is in a bid to entice traders to make more investments into the market and this is amidst fluctuating market dynamics.
The coin, therefore persists in its attempts to rally, with the latest move involving a retreat to the support level after encountering resistance at $0.0000360.
LBLOCK/USD Medium-Term Trend: Bullish (4-hours chart)
Analyzing the daily chart, we observe that candlesticks are now confined within the range defined by the middle and lower Bollinger Bands. This range is wedged between the $0.0000260 support level and the $0.0000300 resistance level. Meanwhile, the RSI (Relative Strength Index) line hovers around the mid-level, reflecting a state of equilibrium as the coin awaits increased buyer participation to catalyze another rally.
Shifting our focus to the 4-hour timeframe, we witness further compression of the Bollinger Bands around the candlesticks, indicating a consolidation phase as the market oscillates between key levels. Similarly, the RSI indicator mirrors this sentiment, with the RSI line hovering around the 50 mark, signaling a balanced market sentiment. With Lucky Block poised for a breakout from consolidation, an upward movement towards the $0.0000360 resistance level to breach it is anticipated.
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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