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Lucky Block Price Forecast: February 6
The Lucky Block price forecast is for the market to utilize another triangle structure to redirect the coin toward higher price levels.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of Supply: $0.0000600, $0.0000880
Zones of Demand: $0.0000470, $0.0000360
Lucky Block is now creating another triangle structure in order to set a redirection for the market. There was an initial triangle structure that was formed at the beginning of the year, but this led to a dip in price. This is partly due to the lack of robustness of the resistance level. Having dropped to a lower but more robust support level at $0.0000360, the market has now stabilized and is now accumulating in another triangle structure for a redirection upwards.
Lucky Block Price Forecast: LBLOCK/USD Outlook
Lucky Block is strategically forming another triangle structure, employing it as a means to redirect the market.
While an initial triangle formation earlier in the year led to a temporary dip in price, primarily due to the support level’s lack of robustness, the market has since found stability.
It has shifted to accumulating within a new triangle structure, aiming for an upward redirection.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
Examining the daily chart, the candlesticks exhibit undulating movements between the mid and lower Bollinger Bands as they approach the support level, forming the distinct triangle structure. Meanwhile, the MACD (Moving Average Convergence Divergence) indicator reflects the current dip in market dynamics, with its lines descending below the zero level.
On the 4-hour timeframe, the Bollinger Bands have constricted around the candlesticks during the accumulation within the triangle structure. The MACD lines are now displaying random fluctuations around the equilibrium level. Anticipated to leverage the robust support at $0.0000360, the price aims to steer market momentum upwards, targeting $0.0000600. These developments provide potential crypto signals for traders navigating Lucky Block’s market trends.
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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