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Lucky Block Price Forecast: January 10
The Lucky Block price forecast is for the market to be set for a potential bullish breakout from its triangle structure.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0000600, $0.0000880, $0.0001100
Demand Zones: $0.0000260, $0.0000360, $0.00004700
The Lucky Block market is getting set for a bullish breakout from the current triangle structure. The market had dropped to the consolidation support level of $0.0000470 on Christmas day and even threatened to dip even further. The buyers became alert to stabilize the price at the same level. Since then, the coin has been formulating into a triangle structure that is most likely to lead to a bullish breakout.
Lucky Block Price Forecast: LBLOCK/USD Outlook
The Lucky Block market is gearing up for a potential bullish breakout from its triangle structure.
After descending to the consolidation support at $0.0000470 on Christmas day, with a threat of further decline, buyers intervened to stabilize the price at that level.
Subsequently, the coin has been forming a triangle structure, hinting at the possibility of an impending bullish breakout.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
The MA period 50 (Moving Average) closely tracks beneath the daily candlesticks within the triangle structure, providing an additional layer of support conducive to a potential rally. The Stochastic Oscillator lines, having initially dipped into oversold territory, have steadily progressed out of the oversold region.
Examining the 4-hour timeframe, the MA period 50 continues to underpin the candlesticks, indicating robust support for a bullish breakout. Concurrently, the Stochastic Oscillator lines exhibit significant fluctuations, oscillating between overbought and oversold borders. These indicators suggest that LBLOCKUSD is well-positioned for a potential upward surge.
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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