Lucky Block Price Prediction- October 27
The Lucky block market is about completing the dip-low movement and is on the verge of a correction phase. The coin price might possibly rebound and turn upside as the market is oversold. Hence, if all the current support holds and the bulls should push higher, the price breakout may test the previous high at a $0.0002159 high value and this may likely hit the $0.03000 supply trend line.
Key Levels:
Resistance levels: $0.0002500, $0.0002600, $0.0002700
Support levels: $0.0002000, $0.0001999, $0.0001899
LBLOCKUSD Long-term Trend: Bullish (1H Chart)
LBLOCKUSD is in a bullish posture in its long-term view. The price is above the EMA-50, indicating an upward momentum and the high impact of buyers in the market.
Earlier today, the bulls made it to a $0.0002131 high mark above the EMA-50 as the 1-hourly chart resumes. The momentum was lost as the sellers returned briefly and drove the coin price down to a low at $0.0002057 level above the EMA-9. This indicates a bullish trend and also proves that the buy traders are actually still in control of the market at the moment.
Therefore, the buyers need to add more strength to their activities in the market to rally up to a significant level.
Further, the Lucky Block market has fallen to the oversold region of the daily stochastic. It implies that the selling pressure is likely to end soon. This will compel the buyers to resume sooner and the next bullish corrective pattern may extend to the $0.03000 high mark sooner in its long-term perspective.
LBLOCKUSD Short-term Trend: Bearish (15-Minutes Chart)
Here on the 15-minute chart, LBLOCKUSD is showing a downward movement. This is clear as we can see price continues to make lower highs and lower lows.
The price hovers at the the$0.0002076 support level below the moving averages. All eyes are glued on $0.0002123 but seller congestions at $0.0002076 have become impenetrable. The bulls are also battling resistance at the $0.0002095 supply level. Thus, if the price closes above this level, it would be a turnaround for Lucky Block buy traders.
The pair has fallen below the 20% range of the daily stochastic. It indicates that the pair is now in the oversold region of the market. This means that the selling pressure is likely to run to an end.
We will now be looking into the emergence of buyers in the oversold region of the market. As a result, the price could pump or surge upsides to hit the $0.03000 resistance value soon in its short-term outlook.
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