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Lucky Block Price Forecast: December 6
The Lucky Block price forecast is for the market to continue shooting upward after it breaks out of a long-term consolidation.
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 has made the long-awaited breakout on its third major test at the upper border of the parallel channel. The market has been undulating for a while through the parallel channel and has now violated not just the parallel channel but also the $0.0000360 resistance level. LBLOCK price rose to the $0.0000490 resistance level, where a rejection caused a pullback. Nevertheless, the market remains above $0.0000360 and is expected to build on this breakthrough.
Lucky Block Price Forecast: LBLOCK/USD Outlook
Lucky Block has successfully achieved a significant breakout following its third major test at the upper boundary of the parallel channel.
The market, which has experienced fluctuations within the confines of the parallel channel, has not only breached the channel but has also surpassed the crucial $0.0000360 resistance level.
Following this breach, the price ascended to the $0.0000490 resistance level, experiencing a minor pullback due to a rejection. Nevertheless, the market is currently maintaining levels above $0.0000360, signaling potential for further advancement.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
The Parabolic SAR (Stop and Reverse) dots are consistently positioned below the candlesticks, indicating the accumulation of bullish momentum that facilitated the breakout for Lucky Block. Additionally, the MACD (Moving Average Convergence Divergence) lines, which had been on an upward trend since the price declined to the $0.0000260 support level, have finally crossed the zero level.
A closer look at the shorter timeframe reveals that a significant bullish candlestick was crucial in breaking through the $0.0000360 resistance and the parallel channel boundary, which in turn started the upward trajectory. The prompt shift of the Parabolic SAR dots below the candles further reinforces the bullish sentiment. Furthermore, the MACD lines have surpassed the zero level and continue to ascend, indicating a favorable market outlook with the potential for sustained upward movement.
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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