Lucky Block Price Prediction – March 6
Lucky Block Bulls offers a suitable pullback today as the coin embarks on a journey to the upper high level to signal a pump-up. If the bulls could be persistent about their buying action and the coin price sustained above the pattern supply trend line at the $0.0001099 mark, the coin price may trigger up to the overhead resistance mark at the $0.0001200 level, thus a clear buy signal.
Levels:
Resistance levels: $0.0000700, $0.0000800, $0.0000900
Support levels: $0.0000500, $0.0000400, $0.0000300
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
On the higher time frame, LBLOCKUSD bulls offer a suitable pullback and remain bullish, as seen in the chart below. This is clear as we can see the prices trading above the moving average lines indicating an uptrend.
The sustained bullish pressure at the $0.0000752 high value on the 1st of March has made it possible for the crypto to remain stronger above the supply trend lines in its recent high.
The coin is recovering from the recent correction at a $0.0000525 low value as bulls offer a suitable pullback at the $0.0000592 supply value above the resistance line following the upward race. The cryptocurrency has completed its correction and is now set for an upswing after a suitable pullback.
However, the Lucky Block pair could grow further if the buy traders managed to break up above the $0.0001099 previous high level, maintaining a further growth potential and the best crypto signal for the buy traders.
Additionally, the downside risk remains uncertain as the price action of LBLOCKUSD now trades at the oversold region. This means that the selling pressure is not likely again.
This will compel the bulls to continue with the uptick trend and may reach the $0.0001200 upper resistance level soon as the bulls offer a suitable pullback in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
LBLOCKUSD is bearish and also offers a suitable pullback below the supply level in its medium-term outlook. The price responded to the shift in the market structure and is currently trading below the moving averages.
The cryptocurrency price has been below the supply trend levels since its most recent low due to the persistent bearish pressure over the last few days.
Despite the interactions from the short traders the bulls offered a suitable pullback and caused a rise to a $0.0000592 high level below the EMAs shortly after the commencement of the 4-hourly chart opens today. Thus, buyers must add more pressure to their activities to move the market beyond the current price level.
Meanwhile, the market is pointing up in the oversold region indicating a buy potential is near. This will now compel the long traders to emerge and push the market price of Lucky Block up to a significant level of $0.0001200 upper high level in the days ahead as it offers a suitable pullback in its medium-term time frame.
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