Lucky Block Price Prediction – October 17
LBLOCKUSD market is positioned for a rise and it is more likely to climb above the $0.0002197 resistance value soon to resume its bullish runs. If the bulls regroup and push higher, a bullish breakout from the $0.0001181 level will accelerate the new correction phase. The $0.001000 resistance mark and beyond might be the target.
Levels:
Resistance levels: $0.0001800, $0.0001900, $0.0002000
Support levels: $0.0000300, $0.0000200, $0.0000100
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The LBLOCKUSD pair is trading in the bearish trend market in its long-term outlook. The price bar can be seen below the EMA-50 and has confirmed its bearishness. Meanwhile, the coin is now positioned for a rise as we can see a new correction in place.
The interference of short-term traders to the $0.0000286 low level during yesterday’s session has contributed to its bearish momentum in its recent price level.
Today’s pullback at the $0.0000307 high mark below the EMA-50 has still not stalled the bull run as the bulls are positioned for a rise to take charge and prevent any further dips. Hence, traders might seize this opportunity to invest in the coin now at a lower rate for more gains ahead.
Thus, the bullish correction at a $0.0000307 high value returns the buy investors to the market for a rise. Therefore, if the bulls breach the $0.0001900 resistance, the next resistance level to watch out for would be around $0.0002197.
Notably, the Lucky Block price is positioned for a rise as the market is below the 20% range of the daily stochastic. So the price could be ready very soon for another jump. In this case, a significant level above the $0.001000 supply level might be reached soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
LBLOCKUSD is bearish in the medium-term perspective. The price bars are below the moving averages, this means that the pair is in a bearish market zone. Hence, there is a confirmation that the coin is positioned for a rise as the bulls are regrouping at the moment.
Sustained pressure from the short traders to a $0.0000286 low mark in the previous action has led the Lucky Block price below the supply levels in recent times.
The price pushed higher to a $0.0000307 high mark below the EMA-50 as the 4-hour chart opens today. There is likely to be a steady increase soon as the coin is positioned for a rise.
In addition, the price of Lucky Block suggests an uptrend on the daily signal, this suggests that the selling pressure has ended and the crypto is set for a rise soon.
It is therefore expected of buyers to push the price up to a $0.001000 high level and beyond as we cross our fingers and watch out for BUY soon in its medium-term perspective.
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