Lucky Block Price Prediction- March 31
The Lucky Block price is very likely to face the positive side to retest the $0.0003429 supply level soon after completing the dip lows. Therefore, if the bulls could push harder and break up from the current supply level of $0.0001499, the trapped bullish momentum will be released and the upcoming bullish pattern may push the coin price higher to the $0.02000 resistance mark.
Levels:
Resistance levels: $0.002500, $0.002600, $0.002700
Support levels: $0.001850, $0.001750, $0.001650
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
LBLOCKUSD is currently trading below the moving averages in its long-term view, this means that the price is in a bearish trend.
The price drop to the $0.0001498 low value during the previous action has made the coin price trade below the supply levels. This will soon be invalidated as the trend has just resumed its rising pattern but has not yet reached its goal.
The price responded to the shift in the market structure and is currently below the moving averages at the $0.0001499 high level as the 4-hourly chart opens today. This indicates the gradual response from the bulls to the market activities at the present. Thus, the pressure to acquire the crypto would increase if it broke beyond the $0.0002599 high mark.
In addition to that, the market’s daily stochastic is pointing up, which will attract more buyers to the market in search of a bullish continuation pattern. If that happens, the price may further climb up to retest the $0.0003429 previous high soon which would strengthen the bullish trend in the long-term perspective.
LBLOCKUSD Medium-term Trend: Bearish (1H Chart)
The cryptocurrency is in a bearish market zone in its medium-term outlook. The bears are now involved in the order flow.
The sustained bearish pressure on the crypto at the $0.0001510 low value during the previous action has dropped the coin price below the trend level.
After completing the low-dips at the $0.0001451 level, the bulls made a corrective move to the $0.0001499 resistance level below the moving average lines to resume the uptrend as the 1-hourly chart opens today. This bullish continuation pattern occurs in an uptrend and indicates a potential trend reversal.
Next, we can expect the emergence of more buy investors as the selling pressure is exhausted already, as indicated by the daily stochastic. Thus, the next bull race may reach the previous high of $0.0003429 level as we watch the bulls take over the market conditions sooner in its medium-term perspective.
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