Lucky Block Price Prediction- August 1
Lucky Block is positive side today and could break up the $0.0000745 supply value, following the increased volume by the coin buyers. If the coin price could sustain above the pattern supply trend line, the price may increase higher to break up the $0.0000745 supply level and extend to the overhead resistance mark at the $0.0001200 level, thus a clear buy signal.
Levels:
Resistance levels: $0.0000400, $0.000500, $0.0000600
Support levels: $0.0000150, $0.0000130, $0.0000120
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
LBLOCKUSD is at the moment trading in the bullish trend market and may break up the previous high level soon in the long-term outlook. The price is slightly above the EMA-50, which confirms its bullishness. This breakout triggers a smooth bull cycle pattern, which in theory, should lead the prices to an overhead trend line.
The high order flow from the bulls during yesterday’s session also added to this bullishness. However, the bulls are now set to increase the trend and may likely break up the above-mentioned supply.
Earlier today, the Lucky Block buyers responded to the market and caused a rise in the price action to the $0.0000202 supply value above the EMA-50; an indication that the bulls are returning gradually for an increase in the coin price and to command the Lucky Block’s price actions.
This will give room for the buy investors to influence the price tendency and may break up the $0.0000745 supply value to intensify the buying pressure on the crypto.
Hence, the current correction phase may likely continue as the momentum indicator now points in an upward direction: we can expect the coin price to reach a significant level of $0.00012000 supply trend line as the bulls continue with their bullish correction to break up it’s previous high and remain dominant in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
LBLOCKUSD remains above the supply level and may break up the previous high as it continues its bullish rally in its medium-term outlook. This is due to the high impact of the long-term traders on the price flow. The market shows that the price may now be trading in a new ascending channel.
The bulls have sustained the Lucky Block market at the $0.0000200 supply value in the previous action, this has made it possible for the coin to break up the resistance trend line and remain stronger in its recent high.
At the press time, an increase to the $0.0000202 supply value above the moving average line suggests the returns of the buy traders in the market. The market participants are responding to this pattern, and its breakout should offer a good entry opportunity.
Meanwhile, further upsides are likely as the price signal is pointing upwards, suggesting that the upward rally will continue and may likely break the $0.0000745 resistance value and this may reach the $0.0001200 supply value soon in the medium-term perspective.
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