Lucky Block Price Prediction – July 19
LBLOCKUSD‘s fresh uptrend might increase as the coin buyers are making a new correction to stabilize the bullish momentum. If the buying pressure persists, the crypto price may enter another fresh correction to retest its previous resistance pattern at $0.0000745 level and trigger a $0.0001200 upper channel, resulting in a high momentum rally.
Levels:
Resistance levels: $0.0000600, $0.0000700, $0.0000800
Support levels: $0.0000400, $0.0000300, $0.0000200
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
As shown in the chart below, LBLOCKUSD‘s fresh uptrend might increase if the bulls do not relent in their efforts. The coin has just resumed its fresh uptrend below the supply level, indicating a bearish momentum.
The order flow by the short-term traders at the $0.0000172 low value during yesterday’s session has reduced the coin price a bit in its recent price level. Meanwhile, crypto has just resumed its fresh uptrend and might increase further.
As a result of price rejection today, buyers were able to push the price of Lucky Block higher to a $0.0000188 high level below the moving average line as the daily session opens., resulting in an intraday gain for the coin buyers.
Thus, the fresh uptrend might increase, if the bulls could add extra effort to their buying pressure, retesting the $0.0000745 crucial level, the bearish thesis will be put on hold before entering another rally.
Meanwhile, the market is pointing up on the daily signal, indicating that the fresh uptrend might increase and a buy potential is near. If this is attained, the LBLOCKUSD fresh uptrend might increase to a $0.0001200 upper resistance level in the coming days, indicating a high demand in the market in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
In the medium term, the LBLOCKUSD is progressing above the supply level. Its fresh uptrend might increase above the previous high soon due to the high concern of buying investors on the crypto.
The bulls’ pressure on the coin to the $0.0000173 supply value during the past session has sustained a fresh uptrend above the resistance trend in its recent price level.
The coin price at the $0.0000188 supply mark above the EMA-50 shortly after the 4-hourly chart opens today, is an indication that the fresh uptrend might increase higher to invalidate any further bearish cycle.
If the bulls should increase their price action, and bullish momentum is sustained above the resistance trend lines, further bearish sentiment will be hibernated.
In addition, the Lucky Block price pointing up on the daily stochastic suggests that the bulls might continue the fresh uptrend; hence, more buyers’ participation is a prerequisite. We expect the coin price to reach the $0.0001200 upper resistance value amid sustained buying pressure in the coming days in its medium-term perspective.
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