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Lucky Block Price Forecast: January 19
The Lucky Block price forecast is for the market, having recovered above $0.0000470, to use consolidation to push the price further upward.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0000600, $0.0000880, $0.0001100
Demand Zones: $0.0000470, $0.0000360, $0.0000260
The Lucky Block market is now in the process of consolidating again, and the buyers are looking for a way out. After stopping the drop and recovering above the $0.0000470 level, the coin will now embark on a fresh consolidation move to get the market to attain higher price levels.
Lucky Block Price Forecast: LBLOCK/USD Outlook
The Lucky Block market is currently consolidating, with buyers seeking a favorable path forward.
Following the successful prevention of a drop and the subsequent recovery above the $0.0000470 level, the coin is initiating a new consolidation phase to propel the market to higher price levels.
Examining the daily chart reveals the Bollinger Bands closing around the candlesticks, indicating the beginning of a price accumulation process.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
The RSI (Relative Strength Index) on the daily chart hovers just below the 50 mark, suggesting the potential for a breakout once the RSI surpasses this threshold. However, in the 4-hour timeframe, a more pronounced squeezing around the candlesticks signifies the initiation of consolidation around the significant level of $0.0000470.
Still on the 4-hour timeframe, the RSI briefly surges towards the overbought border before retracting below the 50 mark. Buyers aim to navigate a course back toward $0.0000880 and intend to achieve this through the ongoing consolidation process.
How To Buy Lucky Block
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.
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