Lucky Block Price Prediction – April 27
The Lucky block market is on the verge of upside reversal as the coin is about to complete the dip lows. The coin price might rebound and turn to the upside soon as the market is already oversold. Hence, if all the current support holds and the bulls should push higher, the price breakout may test the previous high at a $0.0000940 value and this may likely hit the $0.0001200 supply trend line.
Key Levels:
Resistance levels: $0.0000500, $0.0000600, $0.0000700
Support levels: $0.0000300, $0.0000200, $0.0000100
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD‘s price is on the verge of an upside reversal in the higher time frame. The price is below the EMA-50, indicating a downward momentum and the high impact of bears in the market.
The bears’ drop to the $0.0000256 support level in the past few days has contributed to its bearishness in its recent low.
The bulls were able to reach and hold the $0.0000450 supply level during yesterday’s session, the bears in-briefly, and dropped the Lucky Block price down to a low at $0.0000310 value below the moving averages as the daily chart begins today.
Meanwhile, traders who buy the coin during a massive bearish market will also make a profit. If all the support holds and the buy traders push higher, the Lucky Block price may likely reverse to hit the $0.0000940 previous high mark.
Further, the Lucky Block market is approaching the oversold region of the daily stochastic. It implies that the selling pressure is likely to end soon. This will compel buyers to resume sooner and the next bullish corrective pattern may extend to the $0.0001200 high mark soon in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
LBLOCKUSD is showing an upward movement and also looks for an upside reversal on the medium-term outlook This is clear as we can see the price bar trading in red above the supply line.
The high bullish impact on the crypto at the $0.0000450 high level in the previous action has contributed to its bullishness in its recent price level.
Sellers returned briefly and drove the Lucky Block price down to a low at $0.0000310 support level above the EMA-50. This indicates a bullish trend and also proves that the buy traders are still in control of the market at the moment. Therefore, buyers need to add more strength to their activities in the market to rally up to a significant level.
Adding to that, the crypto is on the verge of an upside reversal as shown by the daily signal which is below the 20% range of the daily stochastic. It indicates that the pair is now in the oversold region of the market.
This means that the selling pressure is likely to run to an end. We will now be looking into the emergence of buyers in the oversold region of the market. As a result, the price could pump or surge upsides to hit the $0.0001200 resistance value soon in its medium-term outlook.
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