Lucky Block Price Prediction – October 30
Lucky Block price has the potential for a bullish continuation as we can see the price hovering below the supply levels preparing for an uptrend. If the bulls increase their strength and the price closes above the $0.0001602 previous high level, the coin buyers would experience an increase in gains and extend the recovery pattern to the upper resistance level and beyond.
Levels:
Resistance levels: $0.0001000, $0.0001100, $0.0001200
Support levels: $0.0000800, $0.0000700, $0.0000600
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
Lucky Block portrays a bearish market trend in its long-term outlook. The price which is below the EMA-50 has the potential for a bullish continuation if the bulls could increase their tension in the market.
The bears’ touch at $0.0000287 during yesterday’s session also contributed to its bearishness in its recent low.
Actions from the bears further dropped the coin price down to the $0.0000272 support level below the EMA-50 as the daily chart resumes today.
Thus, the anticipated bullish reversal could kick-start a new recovery cycle and may push the price above the $0.0001602 price level.
Adding to that, there is a possibility for a price reversal and the potential for a bullish continuation soon as the market price approaches the oversold region. If this is achieved by the bulls, the next price target could be the $0.001000 upper high level in the coming days in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The Lucky Block market portrays a bearish trend zone in its medium-term outlook. The coin price which has rebounded below the EMA-50 has the potential for a bullish continuation.
As an outcome of the high bullish impact, the buy traders made a pullback at the $0.0000280 resistance value below the EMA-50 as the 4-hourly session began today, thereby starting the new bull cycle.
Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels and may likely retest the $0.0000347 high level.
Likewise, there is a possibility of a price break out and bullish continuation as indicated by the price signal which is pointing in an upward direction in the oversold region. This may extend the price of LBLOCKUSD to a high at $0.001000 upper resistance value soon in its medium-term time frame.
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