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Lucky Block Price Forecast: February 8
The Lucky Block price forecast is for the market to take a position that favors the bulls to break out of the triangular consolidation structure.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0000470, $0.0000600
Demand Zones: $0.0000360, $0.0000260
Lucky Block bulls are more ready than ever to pounce on the opportunity to drive the price higher. As we speak, the market has been confined into a triangle structure, of which the $0.0000360 support level is acting as the base. This support level is strong enough to keep the market afloat, which means the slant edge of the triangle is what is most likely to give way. This will most likely lead to a breakout, which the bulls are prepared to take full advantage of to drive the price higher.
Lucky Block Price Forecast: LBLOCK/USD Outlook
Lucky Block bulls are poised for a significant move as they gear up to capitalize on a potential breakout opportunity.
The current market scenario is characterized by a triangular structure, with the robust $0.0000360 support level serving as the foundation.
While this support level maintains market buoyancy, the critical aspect to watch is the inclined edge of the triangle, which is likely to yield a breakout—a development eagerly anticipated by the bulls aiming to propel the price higher.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
Observing the 4-hour chart, the MA Cross (Moving Average) line is positioned above the candlesticks, gradually converging within the confines of the triangle structure. Upon confirmation of the breakout, these lines are poised to cross upward. Simultaneously, the Stochastic Oscillator lines hover above the oversold region, signaling an imminent upward movement.
At the precipice of the breakout on the 4-hour timeframe, the MA Cross tip has united, underscoring the imminent market shift. The Stochastic Oscillator lines, having surged upward from the oversold region, strongly anticipate the impending breakout. As the market completes this anticipated move, crypto signals align with the expectation of a price surge towards the $0.0000600 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, product, or event. We are not responsible for your investment results.
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