Lucky Block Price Prediction – September 9
It is actually time for the LBLOCKUSD to grow again. The coin price may possibly resume an uptrend to break up the $0.0004450 supply level soon. A decisive break below $0.0000901 would bring more losses to the coin. However, a daily candlestick above the mentioned supply level would invalidate any bearish theory. Therefore, if buyers can put more effort into their tension in the market, a shift in the trend upward will be achieved.
Levels:
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block price is bearish in its long-term outlook. The price responded to the shift in the market structure and is currently trading below the moving averages. Further, the crypto is set to break up at the $0.0004450 price level as we are seeing a new correction in place.
The market has been slowed down due to the interaction of the short traders to a $0.0000930 low value during yesterday’s session.
The long traders made a pullback to the $0.0000965 high mark below the two EMAs as the daily session opened today. This suggests buyers are buying the LBLOCKUSD at this level and are ready to break up the nearest resistance level at $0.0004450.
In a like manner, Lucky Block is likely going to increase further and face the upsides as the market is trading below the 5% range of the daily stochastic; it means that the selling pressure has ended.
This will compel the buy traders to resume an uptrend and may likely break up the $0.0004450 supply level soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
LBLOCKUSD indicates a downward trend with a bearish sentiment in its medium-term perspective. The coin is trading below the two EMAs. However, the current trend will soon be nullified as the market has now resumed its bullish race and may break the $0.0004450 level soon.
The sustained bearish pressure at the $0.0000930 support value has made the crypto price drop below the supply levels in recent times. However, the bulls are now set to further swing up the coin price to its new resistance trend levels.
The price of Lucky Block on the 4-hourly chart today is currently facing resistance and trading at the $0.0000965 correction level. Further, the rising prices reclaimed more confirmation for a bullish recovery.
Hence, there is a higher probability of the price breaking up its resistance level of $0.0001470 and increasing much further.
Next, the coin has fallen below the level of 20% of the daily stochastic. It indicates that the pair is now in the oversold region of the market. It implies that the selling pressure is unlikely.
We will now look into buyers’ emergence in the oversold region of the market.
The price action may possibly reach a high of $0.001000 level and beyond as we watch the market in a bullish scenario soon in its medium-term time frame.
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