Lucky Block Price Prediction- November 10
LBLOCKUSD is actually making positive moves as buyers begin the bullish action at the moment. According to the chart outlook, should the daily candlestick close above $0.0001602, the correction phase may extend to meet the resistance at $0.001000o upper trend line which will enable buyers to sustain higher prices.
Levels:
Resistance levels: $0.0001000, $0.0001100, $0.0001200
Support levels: $0.0000500, $0.0000400, $0.0000300
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD indicates a bearish trend below the moving average in its long-term perspective. However, the coin is presently facing resistance as buyers begin the bullish action but have not yet reached their goals.
Sustained pressure from the short traders to a $0.0000269 low mark in the past few days has led the Lucky Block price below the supply levels in recent times. Hence, the new correction has been spotted below the supply levels indicating buyers have begun the bullish action.
The bulls’ action increases the price of Lucky Block up to the $0.0000293 resistance level below the EMA-50 even as the daily session opens today.
Thus with sustained buying pressure, the coin price could test the previous supply strength at the $0.0001602 level and set the potential for future growth.
Adding to this, the momentum indicator also signaled up indicating an uptrend. Buyers are expected to continue with the bullish action and in this case, the price of LBLOCKUSD might possibly reach the $0.002000 upper resistance value soon as buyers begin the bullish action in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
LBLOCKUSD indicates an upward trend with a bullish sentiment as buyers begin the bullish action in its long-term perspective. The coin is trading above the EMA-50 and presently facing resistance at the recent high.
The market price of Lucky Block which increases from $0.0000280 to the $0.0000293 high level above the moving averages suggest an uptrend in the context of the strength of the market.
Thus, closing the 4-hour session above the $0.0000347 high mark will put the trade more on the buy side and obtain a higher footing to rise further.
Notably, the pair pointing up on the daily stochastic means that the buying pressure may continue, and suggests a possible recovery of $0.0010000 supply level soon as buyers continue the bullish action in the medium-term time frame.
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