Lucky Block Price Prediction- April 6
LBLOCKUSD is likely to experience a potential or possible reversal at the above–mentioned support level as the selling pressure seems to have been exhausted. After testing the bottom support, a usual response would be a bullish reversal; should buyers eventually wrestle trend control from sellers and rebound from the $0.0000279 support level, the bullish momentum might drive the coin price to a high at $0.0001200 supply trend line, offering a remarkable growth to the crypto market.
Key Levels:
Resistance levels: $0.0000500, $0.0000600, $0.0000700
Support levels: $0.0000350, $0.0000300, $0.0000250
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
Lucky Block‘s price may experience a possible reversal to the upside soon in its higher time frame. As an outcome of low bullish momentum, the coin price trades in a bearish trend. Sellers are hindering the market from smashing through the supply zones.
The high bearish pressure on the crypto at the $0.0000281 support level in the past few days has contributed to the bearishness of the coin in recent times. However, the crypto is poised for a possible reversal to the upside any moment from now.
Today, the bulls are trying hard to remain above the $0.0000940 previous highest mark, so there is a possibility for a possible reversal at the $0.0000279 current low value to invalidate the bearish theory.
However, long traders can join the market or invest in the crypto with the current trend and buy at a lower rate for more gains in the future. This will reflect an increase in the trend momentum.
Similarly, should the bulls exchange hands with the sell traders at the $0.0000279 low value and close above the $0.0000940 resistance value, the coin price might further increase to a $0.0001200 resistance level which could lead to additional gains for the buy investors in its long –term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The lucky Block pair is also about to experience a possible reversal at the current support level in its medium-term view. The coin price is below the moving average and has confirmed its bearishness.
The sustained bearish pressure in the past few hours has made the crypto price remain below the supply trend levels at its recent low. Meanwhile, a possible reversal awaits the coin price as the selling pressure is oversold already.
Further, the current price of LBLOCKUSD at a $0.0000279 low value below the supply trend lines has not stale the market condition of the crypto. Thus, traders who buy the coin during the bearish market will also make gains in the future.
Hence, the anticipated possible reversal could kick start a new recovery cycle and may push the prices above the $0.0000579 price level.
Similar to how the daily stochastic is pointing upward in the oversold area of the daily signal; the LBLOCKCUSD price is likely to experience a possible reversal and continue moving up north.
This indicates that there is no longer any selling pressure, and we can anticipate the forthcoming bullish correction phase to quickly achieve a high of $0.0001200 in its medium-term time frame.
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