Lucky Block Price Prediction – August 8
LBLOCKUSD is attempting the next bull cycle and a breakout is imminent. The crypto is very likely to increase in strength as we are seeing a bullish correction in place. The coin gave a bullish breakout from the $0.0000991 level, suggesting buy investors are making a recovery attempt. Thus, if the crypto’s price sustains above a $0.0003429 high level, the potential rally could surge higher to hit the $0.02000 supply value and beyond.
Key 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 LBLOCKUSD pair indicates a downward trend with a bearish sentiment in its long-term perspective. Prices can be seen below the two EMAs which indicates a bearish trend. This is due to a high inflow from the sell traders. However, the market is presently facing resistance at the recent high.
Actions from the short traders at a $0.000885 low value during yesterday’s session have dropped Lucky Block’s price beneath the supply trend lines in recent times.
Price movement to a $0.000991 high level below the two EMAs as the daily chart commences today is a pullback that will enable bulls’ recovery to foster a higher price resulting in an intraday gain for buyers.
This current trend will enable the price to remain in the upside and rise or break out to the upside. This however creates a strong area of interest for buyers. A breakout above the overhead trend line could signal a change in price trend to test the previous barrier of $0.0003429 soon.
Hence, with the price pointing upwards on the daily stochastic means that further upside is certain. It is therefore expected that the buy investors will move LBLOCKUSD price up and may likely hit the $0.02000 supply level soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
Lucky Block’s price is in a bearish market in its medium-term outlook. The pair is currently below level $0.0001038.
The market price of LBLOCKUSD which increases from $0.000913 to the $0.000991 high level above the moving averages suggests the return of buyers attempting the next bull cycle to influence market conditions. Thus, closing the 4-hourly session above a $0.0001478 high mark will put the trade more on the buy side.
Hence, the pair pointing up on the daily stochastic means that the buying pressure may continue, and suggests a possible recovery of $0.02000 supply level in the coming days in the medium time frame.
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