Lucky Block Price Prediction – February 5
As an outcome of the high bullish impact on the Lucky Block pair, the coin price hints at a potential recovery at the $0.0000419 high mark resulting in an intraday gain. Thus, a bullish crossover above the $0.0001074 high mark will encourage the buy investors for a longer correction and this might reach a high at the $0.0002000 upper supply trend line which would trigger the buying opportunity for traders and improve the crypto signals for the coin investors.
Levels:
Resistance levels: $0.0000700, $0.0000800, $0.0000900
Support levels: $0.0000400, $0.0000300, $0.0000200
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD price hints at a potential recovery in the long-term outlook. The coin price currently trades in green below the EMA which confirms its bearishness.
The interference of short-term traders to the $0.0000371 in the past few days has contributed to its bearishness in its recent price level.
The coin price hints at a potential recovery on the daily chart today and it is currently facing resistance and trading at the $0.0000419 correction level below the EMA-50. This indicates that buyers are defending at this level and attempting to push the price higher.
Hence, a strong push by the long traders above the $0.0001074 previous supply level will offer strong resistance to the crypto price, resulting in a high buying potential for the crypto market.
In addition, the LBLOCKUSD price indicates an upward momentum on the daily signal, this indicates that the pair which has just hinted at a potential recovery will continue to increase to the upsides and this may get to the $0.0002000 resistance trend mark soon in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The chart below also indicates that the bulls have driven the Lucky Block price to hint at a potential recovery in its medium-term time frame.
The market price which has just hinted at a potential 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 $0.0000409 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 potential recovery at the $0.0000419 high mark above the EMA-50 as the 4-hour chart resumes today. This breakout triggers a smooth bull cycle pattern, which in theory, should lead the prices to an overhead trend line. Thus, closing the 4-hourly session above the $0.0000556 previous swing high will put the trade more on the buy side.
The coin is pointing up on the daily stochastic as the price of LBLOCKUSD hints at a potential recovery; this implies that the bulls may continue to dictate market direction and this may reach the $0.0002000 upper high level sooner in its medium-term outlook. Hence, buyers may take a position as desired.
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