Lucky Block Price Prediction – October 26
The LBLOCKUSD is now set for the next bull cycle as the crypto hints a fresh recovery at the $0.0000304 high value and a swift increase is expected to follow soon. Therefore, a bullish crossover above the $0.0001602 high mark will encourage the buy investors for a longer correction and this might reach a high at the $0.001000 upper supply trend line which would trigger the buying opportunity for traders.
Levels:
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0001000, $0.0001100, $0.0001200
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD indicates a downward trend with a bearish sentiment in its long-term perspective. The coin is trading below the EMA-50. However, the current trend will soon be nullified as the coin market has just hinted fresh recovery to resume its bullish race to the overhead resistance.
The interference of short-term traders to the $0.0000231 on the 20th of October has contributed to its bearishness in its recent price level.
The coin price on the 4-hour chart today is currently facing resistance and trading at the $0.0000304 correction level below the EMA-50.
Such lower price rejection indicates that buyers are defending at this level and attempting to push the price higher. Hence, a strong push above the $0.0001602 supply level will offer strong resistance to the crypto price.
Hence, with the price pointing upwards on the daily stochastic as the coin price hints at fresh recovery means that further upside is certain. It is therefore expected that the buy investors will move the price of Lucky Block up and may likely hit the $0.001000 supply level soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The Lucky Block pair is now finding its way to the overhead resistance level in its medium-term time frame. The market which has just hinted at a fresh recovery above the EMA-50 shows that the price may now be trading in a new ascending channel.
The bulls have sustained the crypto market at the $0.0000299 supply value in the previous action, this has made it possible for the coin to stay above the trend line and remain stronger in its recent high.
The momentum remains in an uptrend despite the push from the short traders, the bulls made a touch at the $0.0000304 high mark above the EMA-50 as the 4-hourly chart resumes today. This trend pattern proves the impact of bullishness on crypto.
Thus, closing the 4-hourly session above $0.0000341 will put the trade more on the buy side.
Hence, the pair pointing up on the daily stochastic as the coin price hints fresh recovery means that the buying pressure may continue, and suggests a possible recovery of $0.001000 supply level in the coming days in the medium-term time frame.
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