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Lucky Block Price Forecast: August 18
The Lucky Block price forecast allows the market to capitalize on its initial spike to propel the price upwards again.
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’s inability to directly surpass multiple resistance levels has led to its consolidation within a triangle structure. This has allowed buyers to amass momentum, resulting in a robust spike beyond $0.0001420. Despite the subsequent dip within the triangle, there’s an anticipation that buyers will rejuvenate and leverage this momentum to propel the price upwards.
Lucky Block Price Forecast: LBLOCK/USD Outlook
LBLOCKUSD has recently undergone a period of consolidation, adopting a triangular structure as it encountered resistance levels impeding its direct ascent.
This accumulation phase allowed buyers to gather momentum, leading to a robust spike that surpassed $0.0001420. However, the bullish momentum was not sustained, causing the coin to retrace back within the confines of the triangle.
Nevertheless, anticipation remains high that buyers will regain traction and propel the price upwards once more. The observed spike prompted the Parabolic SAR dots to shift beneath the candlesticks, indicating a potential buying opportunity.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
Concurrently, the tips of the MACD lines within the Moving Average Convergence Divergence indicator have converged upward, reinforcing the bullish sentiment. Examining the 4-hour timeframe, the spike’s impact on the market has set a precedent for the coin’s potential ascent.
The 4-hour Parabolic SAR dots remain positioned above the candles, setting a goal for the market to ascend. The MACD line, accompanied by bullish histogram bars, has begun its upward trajectory, signaling the further potential for upward movement. With these indicators aligning, the coin can potentially break out from the triangular structure and commence its journey upwards.
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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