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Lucky Block Price Forecast: May 22
The Lucky Block price forecast is that recovery to the $0.0000300 significant level will aid the push to break the $0.0000360 resistance.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0000360, $0.0000470
Demand Zones: $0.0000300, $0.0000260
Lucky Block has quickly recovered after dropping to the $0.0000260 support level just over the weekend. The drop was to ease the increasing pressure that was mounting as the price rose toward the $0.0000360 resistance level. Therefore, immediately the price dropped to $0.0000260, and in 72 hours, the coin rose above $0.0000300 where it is poised to now confront the $0.0000360 resistance level again.
Lucky Block Price Forecast: LBLOCK/USD Outlook
Lucky Block has swiftly recovered after dipping to the $0.0000260 support level over the weekend.
The decline was a strategic move to alleviate mounting pressure as the price approached the $0.0000360 resistance level.
Within 72 hours, the coin has rebounded above $0.0000300, setting the stage to challenge the $0.0000360 resistance level once more.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
Crypto signals are now favoring a bullish move. The Parabolic SAR (Stop and Reverse) dots have switched below the daily candles, indicating a reversal in market direction as the price climbs to $0.0000300. The RSI (Relative Strength Index) has also recovered to the 50 mark, signaling a return to equilibrium, although more upward momentum is needed to confirm a bullish trend.
On the 4-hour timeframe, the Parabolic SAR dots are similarly positioned below the candlesticks, with an even stronger alignment in this shorter timeframe. The RSI indicator has surged beyond the 50 mark and is approaching the overbought region, though it shows signs of a potential pullback towards the 50 mark. Given these signals, LBLOCKUSD is expected to rise and potentially breach the $0.0000360 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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