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Lucky Block Price Forecast: December 25
The Lucky Block price forecast is for the bulls to take advantage of the present market accumulation to regroup for a rally.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels-
Supply Zones: $0.0000880, $0.0001100
Demand Zones: $0.0000600, $0.0000360
The Lucky Block market is currently ranging as buyers hold back in forcing an upward move. This comes after the market faced rejection consistently from the $0.0000880 resistance level. Hence the bulls are seeing out the market in a ranging movement, hoping to gather momentum probably in the new year.
Lucky Block Price Forecast: LBLOCK/USD Outlook
LBLOCKUSD is presently in a ranging phase, marked by a restrained upward push as buyers exercise caution.
This cautious approach follows consistent rejections encountered at the $0.0000880 resistance level.
This promoted the bulls to navigate the market through a ranging movement with the expectation of building momentum, possibly in the new year.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
The consequence of this ranging movement manifests in a dwindling market momentum, evident in the downward trajectory of the Momentum indicator. The Parabolic SAR dots are positioned above the daily candlesticks, signaling a somewhat downward trend.
On the 4-hour chart, market momentum maintains a sideways trend as the price engages in ranging near the significant $0.0000600 level. The 4-hour candlesticks also exhibit a continuous alignment of Parabolic SAR dots above, indicating a cautious stance. Bulls are utilizing this period to regroup, preparing for a potential rally in the early part of the upcoming year.
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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