Lucky Block Price Forecast: Potential Bullish Breakout for LBLOCKUSD Despite Current Lateral Trading

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

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