Lucky Block Market Prediction: The LBLOCK Market Shows Aggressive Bullish Intent

Lucky Block Market Prediction: August 29

The Lucky Block market prediction is for the price to continue its strong bullish drive through to the $0.0001420 resistance level.

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

LBLOCKUSD exited its price accumulation activity on August 17 with a long spike. Though the market corrected itself afterward, it has taken the initiative from that initial spike to build a robust and steady upward movement. The coin has now come into contact with the first major resistance at $0.0001100 and has started testing it. It is expected that the bulls will eventually pierce through until they reach $0.0001420.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

The LBLOCKUSD bulls are displaying assertive intentions in the market. After breaking free from its period of price accumulation on August 17th through a substantial spike, the market subsequently corrected itself.

However, leveraging the momentum from that initial spike, the coin has embarked on a sturdy and consistent upward trajectory. Currently, the coin has reached a significant resistance of $0.0001100 and is actively testing it.

The expectation is that the bullish drive will persist until the coin reaches $0.0001420. Evident on the daily chart, the candlesticks are extending to touch the upper Bollinger Bands, signifying the aggressive nature of the bulls.

Market Expectations

Moreover, the MACD (Moving Average Convergence Divergence) lines on the daily chart have experienced a sharp ascent above the zero level, accompanied by a series of bullish histogram bars. On the 4-hour chart, the candlesticks maintain their position above the middle line, stretching toward the upper Bollinger Band, and intermittently making attempts at breaching the $0.0001100 resistance level.

Still, on the 4-hour timeframe, the MACD lines are significantly above the zero level, indicating the current aggressively bullish nature of the market and also the potential for further upward movement. This could propel the price towards the $0.0001420 significant resistance level.

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