Lucky Block Price Prediction- October 20
LBLOCKUSD is more likely to retest and climb above the $0.0002416 resistance value soon to resume its bullish runs if the bulls regroup and push higher. The correction rally could reach a $0.02000 high level and beyond.
Levels:
Resistance levels: $0.0002500, $0.0002600, $0.0002700
Support levels: $0.0002100, $0.0002000, $0.0001999
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
LBLOCKUSD is in a bearish trend market in its long-term perspective. This is due to the investments from the sell traders. However, this will be nullified or invalidated soon.
Earlier today, the buyers made an increase to the $0.0002153 supply value but the bears’ inflows briefly dropped the price down with a bearish pin bar hammer candle to a low at $0.0002102 value. This indicates that there is likely going to be a change in the trend and in this case, an uptrend.
Thus, if the buy investors could add more tension to the price actions, and the coin price rebounded at the $0.0002102 support level, the upcoming trend could surge above the $0.0003500 supply trend line.
In addition to that, the market is pointing up in the oversold region, it means that the selling pressure has ended, so we expect more strength from the bulls and this forthcoming correction pattern may touch the $0.02000 resistance mark in its higher time frame.
LBLOCKUSD Short-term Trend: Bearish (15- Minutes Chart)
The coin is in a bearish movement zone in its short-term outlook. This is due to the inflow from the sellers. The price bars can be seen trading below the moving averages, this means that the coin is in a bearish trend zone.
The buyers made a strong move up to a $0.0002182 supply value after which the sellers returned briefly and slammed the price down to the $0.0002064 support level after the 15-minutes session opens today. The price reversal at the $0.0002102 high mark implies the returns of the buy investors to invalidate any further bearishness.
Meanwhile, continuation to the upsides is sure as shown by the price indicator pointing upwards. This suggests that the new shift in trend may rally up to hit the $0.02000 supply value soon in its lower time frame.
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