Lucky Block Price Prediction- November 7
LBLOCKUSD is about to resume its bullish race. LBLOCKUSD prepares for the next up swing. Therefore, if the bulls could trigger their forces in the market, the price may likely reverse and turn positive to reach the $0.003000 high level and beyond to trigger a new bull cycle.
Levels:
Resistance levels: $0.0002500, $0.0002600, $0.0002700
Support levels: $0.0002200, $0.0002100, $0.0002000
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
The market value of LBLOCKUSD is trading below the moving averages, this means that the pair is in a bearish market zone. This is due to the inflow from the short traders.
Despite the moves from the short traders, the buy investors managed to push the price of Lucky Block up to a $0.0002332 supply level after which the sellers dropped the market price down to a $0.0002216 low level below the moving averages as the 1-hourly chart opens today.
A bullish reversal from this horizontal level at the $0.0002252 resistance value plunged the Lucky Block price back to the resistance trend line. And in this case, the price might possibly swing upside and be good for a buy position soon.
Further, with the coin price pointing upwards in the oversold region of the daily stochastic means that the selling pressure is exhausted and more upsides are certain. It is therefore expected that the buy investors will move the price action up and may likely hit the $0.003000 supply level soon in its higher time frame.
LBLOCKUSD Short-term Trend: Bearish (15-Minutes Chart)
The Lucky Block pair is trading in the bearish trend zone. The bulls are also trying not to fall completely in the market.
The bulls however made an increase to a $0.0002252 high level earlier today after which the sellers intervened and smashed the price down to a low at $0.0002235 value below the moving averages. With this current trend, buyers can pick up the price at a cheaper rate and move the market further up. Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels.
Meanwhile, the price of LBLOCKUSD which is pointing down below the 20% range of the daily signal implies that the coin market is oversold and buying pressure will soon take over. Thus the next bullish correction rally might possibly reach the $0.0003000 resistance level in its lower time frame.
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