Lucky Block Price Prediction – October 3
The LBLOCKUSD pair is possibly making its way up after hitting the $0.0000285 supply level to signal a pump. The crypto buyers aim for the $0.001000 supply level, thus, a strong push from the current price at the $0.0000314 supply mark above the supply trend levels will put the crypto in a bullish trend and this may further extend to a $0.001000 resistance level resulting in intraday gains for the buy traders.
Levels:
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0000300, $0.0000200, $0.0000100
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The LBLOCKUSD pair indicates a downward trend with a bearish sentiment in its long-term perspective. The short traders’ intervention was the cause of this. However, this will soon be hibernated as the bulls are now in the market and aim at the $0.001000 supply level.
The sustained bearish pressure at the $0.0000273 support value during yesterday’s session has made the crypto drop below the supply levels in its recent price level.
After completing the low-dips at the $0.000023 low value, the coin price found a reliable resistance at the $0.0000314 value as a pullback below the two moving averages as the daily session resumed today. This reflects a genuine reversal which may attempt the $0.0002890 previous resistance mark soon to invalidate any future decline.
In a like manner, the Lucky Block price may likely continue its journey up north as indicated by the daily stochastic which is pointing in an upward direction at the oversold region. This means that the selling pressure has ended; the bulls may aim at the $0.001000 supply mark in the coming days as the crypto price surges upward in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The LBLOCKUSD price remains in a bullish trend zone in its medium-term outlook. Price is currently trading above the EMA-9; this however confirms the presence of more bulls’ impact on the coin. As a result, the bulls’ aim at the $0.001000 supply value could be achieved soon.
The aggressive move by the bulls pushed the Lucky Block price up to the $0.0000314 resistance value above the EMA-9 as the 4-hourly chart opens today. This suggests that buyers are coming in a grand style to dominate the market and sellers are getting weaker.
If the trend continues, we might see the coin approaching the supply trend line of the pattern around the $0.0001297 level, presenting a potential opportunity for buyers.
That said, a solid recovery for Lucky Block will likely be confirmed only if there’s a breakout above the pattern’s resistance trend line. With the daily stochastic pointing up, buyers could aim at the $0.001000 psychological level in the days to come in its medium-term outlook.
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