Lucky Block Price Prediction – September 13
LBLOCKUSD price is very likely to turn positive soon as the crypto is gathering momentum for the next positive move after a long dip dump by the short traders. The crypto might continue growing as we are seeing a bullish correction in place. In case the long-term traders manage to break up the pattern’s resistance trend line at a $0.0004450 high value, a possible relief rally may drive the coin market price to the $0.001000 upper resistance mark and set the potential for further growth.
Levels:
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block price is bearish on the higher time frame. This is due to the high impact of the seller traders. The crypto price can be seen trading in green below the supply trend levels.
The high order flow from the bears to a $0.0000901 low value during yesterday’s session also added to this bearishness. However, bulls are now in the market preparing for the next positive move to turn around the trend.
Today, the long-term investors made a correction to a $0.0000939 high value which further increases to the $0.0000949 supply mark below the moving averages to resume its positive move. This indicates an established bull trend.
Further, a potential upswing would get better confirmation of a bullish recovery if buyers could break above the March 19th high of $0.000450 level.
Adding to that, further jumps are sure; the market has fallen to a level of 12% of the momentum indicator. It indicates that the LBLOCKUSD pair is oversold. This will compel the buying pressure to resume full and the next positive rally may hit the $0.001000 upper high mark in the days ahead in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The LBLOCKUSD price still trades in a bearish market in its medium-term perspective. The price bar can be seen as well below the two EMAs, indicating a bearish trend. However, a new green candle has just been spotted below the supply levels preparing for the next positive move.
Sellers acted bravely during the last session by dumping the price of Luck Block to a $0.0000901 low value below the moving averages with a long bearish candle
Thus, the momentum was lost as buyers returned to the market today and successfully pushed the coin price to a high at $0.0000949 trend line after the 4-hourly chart opens today; hence this new positive move will actually strengthen the price recovery.
Notably, the momentum indicator signaled an uptrend, therefore, if the buy traders successfully keep the Lucky Block prices above the $0.0001270 previous swing high, the next positive move target might be the $0.001000 supply level soon in its medium-term time frame.
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