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Lucky Block Price Anticipation – October 5
The Lucky Block price anticipation is for the market to rally up from the $0.0002980 demand zone after price accumulation.
LBLOCK/USD Long-Term Trend: Bullish (4-hour Chart)
Zones of Supply: $0.0008360, $0.0006820, $0.0005000
Zones of Demand: $0.0003130, $0.0004200, $0.0002980
Lucky Block remains on the verge of a powerful upsurge. The price seems to be stepping down to a lower price level, and the intention is very clear. The market is trying to build a force that will easily push through the pressure of the bears. The strategy is to allow more buyers into the market by dropping to a lower price level. At $0.0002980, the coin is now ready to take off.
Lucky Block Price Anticipation: LBLOCK/USD Outlook
The rejection at $0.0008360 is clearly the catalyst behind the drop in the market price as the coin looks to bounce back immediately and break the resistance level.
$0.0004200 seems to be the ideal level to spring back upwards. Therefore, after accumulating from late September into early October, the price surged upwards, breaking the barriers. However, it stopped short of reaching $0.0008360 and then slumped back.
The market has dropped to a slightly lower level at $0.0002980 to bring on more buyers and momentum. As a result, the Stochastic Oscillator lines have dropped into oversold, as the price accumulates for an upward drive.
LBLOCK/USD Medium-Term Trend: Bullish (1-hour chart)
On the 4-hour chart, the path of the market as it drops from $0.0004200 to $0.0002980 is very visible. The Parabolic SAR (Stop and Reverse) dots align above the candlesticks as they change levels. However, as the price lands at $0.0002980, the dots have switched below the candles. This may point to the fact that bullish accumulation is ongoing.
On the 4-hour chart, the Stochastic Oscillator lines have also dropped into the oversold region. An imminent rise is anticipated. The pattern of the rise of the coin will be similar to the previous one, breaking through multiple price levels, but this time, it is expected to reach and hold above the $0.0008360 resistance level.
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.
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