Lucky Block Price Prediction- March 10
LBLOCKUSD price recovery’s next target is a $0.02000 supply value as the coin is bound to move up and gain more strength. Should the bulls prove stronger and all the current support holds, the price might rise further to retest the $0.0002071 high level which may extend to the $0.02000 supply value.
Key Levels:
Resistance levels: $0.0002300, $0.0002400, $0.0002500
Support levels: $0.0001600, $0.0001500, $0.0001400
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
LBLOCKUSD is in a bearish market zone. This is due to the interference from sellers which is about to end soon. The high bearish momentum to the $0.0001403 low value in the previous action has made the coin price trade below the supply level.
Earlier today, after completing the low dips, the bulls made a corrective move to the $0.0001438 resistance level below the moving averages as a recovery attempt. This is an indication of a recovery attempt to start a new bull cycle. Meanwhile, if the bulls should increase their momentum, the $0.0002071 high value might be tested soon.
In addition to that, the Lucky Block market is pointing up below the 5% range of the daily stochastic, therefore the coin price is poised to advance further and the next recovery target might be the $0.02000 supply value in the days to come in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (1H Chart)
Due to the interference of the sell traders in the market at the moment, LBLOCKUSD is in a bearish trend move. The price drop to the $0.0001400 low value during the previous action has made the coin price trade below the supply levels.
After a series of moves by the short traders, the bulls eventually made an increase to the $0.0001437 resistance level slightly below the two EMAs as the 1-hourly chart opens today.
Based on the outlook, should the bulls push higher and close above the $0.0001647 high mark, a bullish breakout confirmation will reflect the improved market sentiment.
Additionally, the daily stochastic remains in an upward direction. Hence, if the coin buyers manage to break above the $0.0001647 previous supply trend line, the next recovery target might be the $0.02000 high mark in the days ahead in its medium-term time frame.
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