Lucky Block Market Prediction: May 17
The Lucky Block market prediction is for the buy-traders to take advantage of the positive indicators of the market to invest in and rally the market.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $0.0002890, $0.0001990, $0.0001880
Zones of Demand: $0.0001420, $0.0001200, $0.0000880
The Lucky Block market retains its bullish intention to rise beyond its current limitations. And though the price may have slipped to a lower level, the market is compensating for this with a steady increase in volatility, which results in a spike in the market. The bulls hope to use this to break through the resistance level to a higher height.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
Lucky Block has not had the desired result as anticipated at the beginning of the year. The price has thus far been limited below the $0.0001990 resistance. However, the market still strongly retains its bullish orientation.
Initially, the price took several jabs at the resistance from proximity. Some form of exhaustion later sets in, which causes the coin to slip to lower key levels. The market is currently hovering around $0.0001250.
The lower price at which the coin is trading has incited the bulls to be very volatile. The ATR (Average True Range) indicator shows steadily increasing market volatility, as the latest candles have long wicks as the price spikes up and down.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
The upward and downward spikes have patterned the market such that it is currently trading at a higher low than the lowest point where it spiked. Therefore, the Parabolic SAR (Stop and Reverse) switched below the candles to confirm this uptrend, which started when the volatility began increasing.
On the 4-hour chart, the upward spike of the price makes it look like a drop, and the Parabolic SAR dots hang high above the candlesticks. Nevertheless, the ATR indicator shows that volatility fluctuates at a high level. The market has compensated for its drop to a lower price level with strong volatility and spikes, which can split the resistance open and pave the way for a rise to $0.0002740.
How To Buy Lucky Block
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