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Lucky Block Price Forecast: March 12
The Lucky Block price forecast is that the buyers will take advantage of the market volatility for a price reversal at $0.0000470.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of Supply: $0.0000750, $0.0000600,
Zones of Demand: $0.0000470, $0.0000360
The Lucky Block market is leaning heavily on the $0.0000470 support level for a price reversal. Already, a significant level has been pivotal to stopping a free fall. The bulls are now hoping to be able to use the level to facilitate their rerun. At the point of writing, the latest candles seem to possess long wicks and follow each other. These are signals of a potential market reversal as the price rests on the $0.0000470 significant level.
Lucky Block Price Forecast: LBLOCK/USD Outlook
The Lucky Block market is at a crucial juncture, heavily relying on the $0.0000470 support level to initiate a potential price reversal.
This significant level has proven instrumental in halting a free fall, offering a foundation for bulls to stage a comeback.
Currently, the latest candlesticks exhibit long wicks in succession, signaling a potential reversal as the price rests on the pivotal $0.0000470 level.
LBLOCK/USD Medium-Term Trend: Bullish (4-hours chart)
On the daily chart, the positioning of the Parabolic SAR (Stop and Reverse) dots above the candlesticks reflects the impact of rejection at $0.0000750 and the subsequent price decline. Interestingly, despite the price drop, the Average True Range (ATR) indicator on the daily timeframe is rising, indicating an increase in market volatility. Bulls may leverage this heightened volatility to regain control.
Examining the 4-hour timeframe, the Parabolic SAR dots exhibit an alternating pattern around the candlesticks, with a slightly higher concentration above, suggesting a downward sliding trend. However, the ATR indicator in this timeframe has plateaued, following a period of ascension, hinting at a stabilization in volatility. Bulls are actively engaged in the market, striving to overturn the situation at the critical $0.0000470 level. These crypto signals highlight the ongoing battle between bulls and bears, making this a pivotal moment for Lucky Block.
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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