Lucky Block Market Prediction: Possible Breakout With LBLOCKUSD’s Consolidation

Lucky Block Market Prediction – August 9

The Lucky Block market prediction is for the market to keep ranging while searching for a potential breakout opportunity.

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, $0.0000650

LBLOCKUSD currently consolidates below $0.0001100 resistance, following an initial struggle to maintain above $0.0001420. The latter now serves as a formidable resistance, while the bulls persist in attempting a rebound from $0.0000880. The aim is to surpass $0.0001100 en route to achieving $0.0001420.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

Currently, LBLOCKUSD is within a range beneath the $0.0001100 resistance level. This follows an initial inability to sustain itself above the pivotal $0.0001420 threshold,

The $0.0001420 level has since become a significant barrier to price advancement. The persistent efforts of the bullish camp are evident, as they strive to initiate a rebound from the $0.0000880 key level.

The immediate objective entails surpassing the $0.0001100 mark to achieve the $0.0001420 target. Within the daily chart, the Parabolic SAR (Stop and Reverse) dots, have switched above the price mirroring the current range-bound price action.

Market Expectations

Simultaneously on the daily timeframe, the Relative Strength Index (RSI) line consistently flanks the middle threshold on its chart, signifying anticipation of heightened upward movement.

Meanwhile, on the 4-hour chart, a price resurgence is observable, accompanied by Parabolic SAR dots now positioned below the price action. The RSI, hovering around the zero level, underscores its quest for a definitive trajectory, seeking to elevate the price from its present state toward $0.0001420.

 

How To Buy Lucky Block

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.