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Lucky Block Price Forecast: July 31
The Lucky Block price forecast is for the price to keep trading laterally while being alert to any potential for a bullish breakout.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels
Supply Zones: $0.0001990, $0.0001420, $0.0001100
Demand Zones: $0.0000880, $0.0000720, $0.0000360
The LBLOCKUSD market aggressively seeks a breakout opportunity while trading laterally within a price channel of $0.0001420 and $0.0000880. The resistance level has not been exceeded, but the support at $0.0000880 is still holding.
Lucky Block Price Forecast: LBLOCK/USD Outlook
Over the recent period, LBLOCKUSD has shown great intensity while remaining confined within a specific price channel ranging from $0.0001420 to $0.0000880.
Notably, the price has demonstrated resilience by holding above the $0.0000880 support level, yet it has not managed to breach the resistance level within this confinement.
Currently, the market is experiencing sideways trading as traders are waiting for a potential breakout opportunity. On the daily chart, the Moving Average (MA) period 25 is observed to be slicing through the candlesticks sideways.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
Concurrently, the Relative Strength Index (RSI) on the daily chart trades along the mid-line, occasionally exhibiting surges. This RSI behaviour signifies the market’s potential to break out from its current sideways pattern, adding to the overall anticipation of a bullish price movement.
The 4-hour chart mirrors the daily chart’s characteristics. The MA period 25 continues to trade laterally through the candles, while the RSI line hovers around the 50 mark, denoting a state of equilibrium between buying and selling pressures. This alignment of indicators reinforces the notion that the market is diligently seeking a breakout opportunity beyond the critical $0.0001420 resistance level.
How To Buy Lucky Block
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
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