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Lucky Block Price Forecast: January 2
The Lucky Block price forecast is for the market to keep building steadily upward toward the $0.0000600 consolidation resistance level.
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
Since the turn of the year, the Lucky Block market has been steadily building upward. This is seen in the consecutive candlesticks that are currently on display. If the price maintains this trajectory, it will reach the $0.0000600 consolidation resistance level. Another reaction is expected when the price reaches $0.0000600, either driving the price up or pushing it down to keep ranging.
Lucky Block Price Forecast: LBLOCK/USD Outlook
Since the commencement of the year, the Lucky Block market has demonstrated a consistent upward trajectory.
The upward trajectory is evident in the consecutive candlesticks currently forming. Should this pattern persist, the price is poised to reach the $0.0000600 consolidation resistance level.
Anticipation surrounds the market’s reaction upon reaching $0.0000600, with potential outcomes including a further upward surge or a descent, maintaining the ranging behavior.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
On the daily chart, the market finds support from the lower Bollinger Band, while the upper Band descends closer to the candles, creating a tightening effect. The daily Stochastic Oscillator lines, having previously entered the oversold region, now undergo an upward cross, signaling a potential upward push.
Transitioning to the 4-hour timeframe, the Bollinger Bands constrict around the candlesticks. The upward momentum of the price appears set to expand the upper Bollinger Band as the market endeavors to ascend. The Stochastic Oscillator lines in this shorter timeframe traverse the spectrum, entering the overbought region. Expectations lean toward the coin, sustaining its bullish movements.
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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