Lucky Block Market Prediction: Market Persists Against $0.0001100 Resistance Level

Lucky Block Market Prediction: August 30

The Lucky Block market prediction is for the price to persistently keep pushing against the $0.0001100 resistance till it violates it and moves higher.

LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)

Key Levels:
Supply Zones: $0.0001990, $0.0001420, $0.0001100
Demand Zones: $0.0000880, $0.0000720, $0.0000360

The Lucky Block market has risen to the $0.0001100 supply line and has actively begun pushing against the level. As expected, the supply line is posing some resistance, but the persistence of the buyers is set to lift the coin above the level. A succession of bullish candlesticks shows the strength of the bulls as it keeps testing and retesting the resistance level.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

The Lucky Block market has strategically ascended to the critical $0.0001100 supply line and has embarked on a determined push against this significant barrier.

As anticipated, the supply line is exerting its resistance, yet the persistent efforts of the buyers are poised to triumph and propel the coin beyond this level.

The succession of bullish candlesticks is a testament to the resolute strength of the bulls, who tenaciously test and retest the resistance threshold.

Market Expectations

Reflecting on the daily chart, a notable development is observed in the MA Cross (Moving Average) lines, which have decisively shifted from their previous horizontal trajectory and are now intersecting in an upward direction. Moreover, these lines are fulfilling a supportive role for the candlestick movements. The EFI (Elders Force Index) on the daily chart, previously skewed towards the downside, has displayed a gradual ascent beyond the zero level, manifesting as a positive value.

Reiterating this trend, the indicators on the 4-hour timeframe mirror the daily pattern. The EFI has comfortably surpassed the levels observed on the daily chart, demonstrating a consistent upward undulation. Likewise, the MA Cross aligns with the 4-hour candlesticks, anchoring their movement as they persistently engage the $0.0001100 daily resistance. With momentum indicative of an impending breakthrough, it is anticipated that the price will surmount this resistance and continue its ascent toward the targeted $0.0001420 level.

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