Lucky Block Price Prediction- April 14
The LBLOCKUSD price is approaching the new supply trend levels at its recent pullback. The coin may likely bounce off the support line and break up the resistance level at $0.0003429 soon. Thus, a sharp breakout and closure above the mentioned correction phase will invalidate any bearish thesis and the price might hit the high of $0.02000 upper level and beyond.
Levels:
Resistance levels: $0.0002500, $0.0002600, $0.0002700
Support levels: $0.0001700, $0.0001600, $0.0001500
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
The Lucky Block price is now in green on its way to the resistance level in the long-term perspective. The price bar is currently trading below the two EMAs approaching the resistance lines.
The bears’ drop to the $0.0001820 support value in the previous action has led the coin price below the supply levels in its recent high.
After the interaction from the sell traders, buyers successfully pull back to the $0.0001906
high level below the two EMAs; this is an indication of more commitment on the part of the bulls.
It is anticipated that the coin will once again reach its former highs. Because of this, buyers must increase the intensity of their market activity in order to reach a considerable level in the above-mentioned supply zone.
Thus, buyers may likely continue the uptrend rally as indicated by the momentum indicator which is pointing up. It is therefore expected of the bulls to take us high and rally above the $0.0003429 resistance level. This may further extend the price of LBLOCKUSD to hit the $0.02000 upper resistance value in the days ahead in its long-term view.
LBLOCKUSD Medium-term Trend: Bullish (1H Chart)
Lucky Block’s price is in a bullish posture and also trades in an uptrend even though the short traders are involved in its medium-term outlook. The price bar can be seen trading above the EMA-9 which confirms its uptrend.
The high order flow from the bulls at the $0.0002043 high value during yesterday’s session also added to this bullishness in its recent high.
The current price of LBLOCKUSD at the $0.0001851 supply value which is above the EMA-9 suggests that the bulls still remain dominant in the market and a possible buy opportunity is nearby. This will also give the buy traders the motive to influence the price tendency.
Adding to that, there is likely to be a further breakout attempt soon as the price of LBLOCKUSD now points upward. If the bulls could change their orientation and push harder, the next bullish race may possibly reach the $0.02000 upper resistance trend line in the coming days in its medium-term time frame.
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