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Lucky Block Price Forecast: November 2
The Lucky Block price forecast is for the market to make strong upward moves after it reclaims its position above $0.0000260 from a slip.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0000880, $0.0000360
Demand Zones: $0.0000260, $0.0000200
Lucky Block is once again using its slip below $0.0000260 to its advantage. This is because every time the bears try and fail to pull the price down, it usually leads to a rally. This time, the scenario will likely help the coin edge out of its prolonged consolidation. Presently, the coin has received and stationed its price back above the $0.0000260 significant level. There is anticipation for more bullish moves.
Lucky Block Price Forecast: LBLOCK/USD Outlook
Lucky Block has adeptly utilized its brief dip below $0.0000260 to its advantage, as bearish attempts to push the price down often result in subsequent rallies.
This time, however, such a scenario is expected to propel the coin out of its extended consolidation phase.
Currently, the coin has successfully reestablished its price above the significant level of $0.0000260, generating anticipation for further bullish movements.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
In the daily chart, the Parabolic SAR (Stop and Reverse) dots exhibit a back-and-forth pattern around the candlesticks, with the latest dots positioned above the market, indicating a bounce from the support level. The EFI (Elders Force Index) line has resumed its upward trajectory following a temporary interruption caused by the price drop.
Examining the 4-hour timeframe, the Parabolic SAR dots have shifted beneath the candlesticks, acknowledging the price’s recovery above $0.0000260. Simultaneously, the 4-hour EFI line has rebounded above the zero level and is displaying strong upward momentum, signifying the market’s intention to target a price surge toward $0.0000880.
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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