Lucky Block Price Prediction- February 21
Lucky Block price may likely break up the $0.0002071 high mark and move above the resistance trend lines soon. If the bulls disagree with the bears at the $0.0001503 support value and increase their strength the coin price could jump up and closes above the $0.0002071 high level, further bearishness would be invalidated and the price could further hit the $0.02000 supply level.
Levels:
Resistance levels: $0.0002200, $0.0002300, $0.0002400
Support levels: $0.0001700, $0.0001600, $0.0001500
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
The market value of LBLOCKUSD can be seen in a bearish scenario in its long-term outlook. This is due to interference from sell traders. The coin price can be seen below the two EMAs indicating a downward trend. However, this trend will soon be invalidated as the selling pressure seems to be exhausted, so, buy investors are warming up to take over the market.
The downward performance of the crypto in the past few hours has made its price stay below the moving average lines in its recent low.
Earlier today, sellers’ action dropped the coin price down to the $0.0001503 support value below the two EMAs. This is due to the high influence of the sell traders.
Meanwhile, the current price at a $0.0001503 low value below the supply trend lines has not stale the market condition of the crypto. Thus, traders who buy the coin during the bearish market will also make gains in the future.
Hence, as the market approaches the oversold region, it means that the selling pressure is ending soon. Should the bulls exchange hands with the sell traders and retraced at the mentioned support, the price of Lucky Block may turn positive and break up the previous high of $0.0002071 resulting in an intraday gain for the buy investors soon in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (1H Chart)
The LBLOCKUSD pair is in a downtrend in its medium-term outlook. The price bars are below the moving averages, this means that the pair is in a bearish market zone.
The bearish pressure on the crypto at the $0.0001455 support value in the previous action has dropped the price of the coin below the supply trend mark.
However, the coin price on the 1-hourly chart today is currently facing resistance and trading at the $0.0001517 correction level. Further, the rising prices reclaimed more confirmation for a bullish recovery. If buyers should intensify their efforts and push the coin price above the $0.0001810 supply level, further selling pressure will be disturbed.
In addition to that, the daily signal point upwards, which means that there are more of bullish runs to come and may likely break up the $0.0002071 resistance value to hit the $0.02000 high mark in the coming days in its medium-term outlook.
You can purchase Lucky Block here. Buy LBLOCK
Leave a Reply