Lucky Block Market Prediction: Prolonged Accumulation Facilitates Resistance Levels Breach

Azeez Mustapha

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Lucky Block Market Prediction: August 4

The Lucky Block market prediction is for the market to keep strengthening in consolidation, after which it is expected to breach the resistance levels.

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

Key Levels:
Supply Zones: $0.0001990, $0.0001420, $0.0001250
Demand Zones: $0.0000880, $0.0000720, $0.0000360

Lucky Block Market Prediction: Prolonged Accumulation Facilitates Resistance Levels Breach

Lucky Block continues its persistent effort to surpass the $0.0001420 resistance level. The candlesticks have maintained a prolonged push against this barrier, albeit with limited success. Consequently, a process of increased accumulation is underway in the market. This accumulation serves to provide buyers with the necessary momentum, which, in turn, positions them to facilitate a robust upsurge capable of breaching existing barriers.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

LBLOCK’s persistent effort to breach the $0.0001420 resistance level has yielded ongoing candlestick pressure, fostering heightened market accumulation.

This accumulation, in turn, is poised to empower buyers with the requisite momentum for a forceful breakthrough, surmounting existing barriers.

The RSI (Relative Strength Index) indicator line exhibits fluctuations around the pivotal 50 mark, poised for an upward exploration once the coin achieves a breakout.

LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)

The EMA period 35 (Exponential Moving Average) adeptly aligns itself amidst the candlesticks, mirroring the prolonged phase of price accumulation. On the 4-hour chart, the EMA period 35 line, like that daily chart also mirrors the lateral course of the market, sliding through it.

Lucky Block Market Prediction: Prolonged Accumulation Facilitates Resistance Levels Breach

Meanwhile, the RSI continues to oscillate around the central line, anticipating a defined and affirmative trajectory, which notably appears to be upward. Forecasts for LBLOCKUSD indicate a potent ascent towards the $0.0001420 resistance, further reinforcing its upward trajectory.

 

How To Buy Lucky Block

NoteLearn2.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.

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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