Lucky Block Price Prediction – September 30
LBLOCKUSD has been in a downtrend for a while; the price may likely resume an uptrend and this may break up the $0.0002890 resistance level soon. However, a daily candlestick above the mentioned supply level would invalidate any bearish theory. Therefore, if buyers can put more effort into their tension in the market, a shift in the trend upward to a $0.001000 upper resistance level could be achieved.
Levels:
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD indicates a downward trend in its long-term perspective. The crypto price has been below the supply trend levels since its most recent low due to the persistent bearish pressure over the last few days. The coin is about to turn positive and may break the mentioned supply level as we are seeing a new correction in place.
Earlier today, the bulls’ action with a doji candle pushed the price of Lucky Block up to a $0.0000350 high mark below the moving averages even as the daily session opens. This suggests a change in trend and may break up the resistance levels soon.
If the trend continues, we might see the coin approaching the support trend line of the pattern around $0.0002890, presenting a potential opportunity for buyers.
Notably, the market price of Lucky Block is pointing up in the oversold region; this means that the momentum in the coin price will likely remain and continue in an upward move. We can now expect the next jump by the bulls to reach a $0.001000 upper resistance level in the days ahead in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The momentum on the medium-term outlook looks bearish but it is starting to turn bullish as can be seen from the chart now.
The price of LBLOCKUSD is currently trading at the resistance close to the EMA-9. So it seems likely that the bulls are about to take over and may likely break the $0.0002890 supply level soon.
Despite the interference of the short traders the bulls caused a rise to a $0.000289 high level below the two EMAs shortly after the commencement of the 4-hourly chart opens today.
This indicates a genuine reversal which may break up the resistance levels soon: thus, buyers need to add more pressure to their activities to move the market beyond the current price level.
Adding to this, the market is pointing up in the oversold region indicating a buy potential. This will now compel the long traders to emerge and push the market price of Lucky Block up which may break the $0.0002890nresistance level soon in its medium-term time frame.
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