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Lucky Block Price Forecast: August 1
The Lucky Block price forecast is that despite the current lateral trading, there is potential for a bullish breakout beyond the $0.0001420 resistance.
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, $0.0000650
LBLOCKUSD has recently shown notable intensity while trading within a distinct price range, spanning from $0.0001420 to $0.0000880. It has exhibited resilience above the $0.0000880 support level but hasn’t surpassed the resistance level during this period of confinement. The current market conditions indicate lateral trading, and traders are eagerly anticipating a potential breakout.
Lucky Block Price Forecast: LBLOCK/USD Outlook
LBLOCKUSD has displayed significant intensity in recent times, remaining confined within a specific price channel with a range between $0.0001420 and $0.0000880.
Remarkably, the price has demonstrated resilience by consistently staying above the support level of $0.0000880, but it has not yet managed to break the resistance level within this range.
As a result, the current market is characterized by lateral trading, leaving traders anticipating a potential breakout opportunity. Despite the lateral movement, there are indications of a bullish bias in the market.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
The Parabolic SAR dots have now switched below the daily candlesticks, signalling a potential shift towards a more bullish trend as the bulls gain momentum. Additionally, the Stochastic Oscillator lines are gradually rising towards the midline, further supporting the possibility of a bullish breakout.
Analyzing the 4-hour chart, the lateral movement becomes even more evident. The Parabolic SAR dots are more positioned above the candles, but occasional upward spikes are indicating some bullish influence. Similarly, the 4-hour Stochastic lines are moving more laterally, just below the 50 mark. This bias towards a sideways market gives the bulls the initiative to target the $0.0001420 resistance level in hopes of a potential breakout.
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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