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Lucky Block Price Forecast: February 16
The Lucky Block price forecast is for the market to keep pushing against the $0.0000470 resistance level as the market eagerly anticipates a rise.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0000600, $0.0000470
Demand Zones: $0.0000360, $0.0000260
Lucky Block is very eager to cross beyond the $0.0000470 resistance level after breaking out of consolidation and overturning the market upward. The market rose through the accumulation of bullish candlesticks and then struck the resistance level with a long shadow. Not long after, there has been an even longer candlestick shadow that has pierced through the resistance level.
Lucky Block Price Forecast: LBLOCK/USD Outlook
Lucky Block exhibits a strong determination to surpass the $0.0000470 resistance level, propelled by a breakout from consolidation that reversed the market’s direction upward.
The ascent was marked by an accumulation of bullish candlesticks, culminating in a notable strike against the resistance level, evident in a long shadow.
Subsequently, an even longer candlestick shadow has pierced through the resistance level, emphasizing the coin’s eagerness for upward movement.
LBLOCK/USD Medium-Term Trend: Bullish (4-hours chart)
Achieving balance, the market now trades above the MA period 20 (Moving Average), signaling intentions to push to higher price levels. The descent of the ATR (Average True Range) indicator, observed since mid-December 2023, has been reversed. The ATR line is now making substantial upward strides, indicating a noteworthy increase in market volatility.
On the 4-hour timeframe, the price glides upward, with the MA period 20 serving as a supportive factor. The ATR indicator in this timeframe records a significant surge, reflecting heightened volatility in the lower timeframe. Lucky Block remains enthusiastic about surpassing the $0.0000470 level, setting its sights on reaching the $0.0000600 resistance. Positive crypto signals affirm the bullish momentum. Investors are to closely monitor these developments for potential trading opportunities.
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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