Lucky Block Price Prediction – May 15
LBLOCKUSD is now facing the positive side while making new corrections. The bulls’ focus on retesting the previous supply is crucial at the moment. The coin price tested the multiple resistance zones near $0.0000300 and we expect a swift increase to follow soon. The coin might jump towards the $0.0001200 supply level amid renewed buying momentum if the sell traders reduce their tension in the market.
Levels:
Resistance levels: $0.0000500, $0.0000600, $0.0000700
Support levels: $0.0000300, $0.0000200, $0.0000100
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block pair is showing a bearish display in its long-term perspective. The price bars can be seen below the moving averages. This is due to the high inflow of the sell traders on the crypto. However, there is about to be a turnaround for the Lucky Block buy traders as the new correction occurs.
The interference of short-term traders to the $0.0000299 low level in the past few days has contributed to its bearish momentum lately.
However, The bulls increased to a $0.0000319 high level earlier today below the moving averages with an intraday gain. With this current trend, buyers can invest in the crypto at a lower rate and move the market further up.
Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels, retesting its previous high at the $0.0001099 level.
Meanwhile, the price of LBLOCKUSD which is pointing up on the daily signal implies that the price is still going up and in this case, the price might retest the $0.0001099 resistance level if the buy traders could increase their efforts.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The currency pair can be seen progressing forward and trading above the moving averages, an indication of a bullish market sentiment in its medium-term time frame. Thus the LBLOCKUSD is making a positive correction and will likely remain positive soon.
A rise to a $0.0000319 high level above the EMA-50 shortly after the 4-hour chart opens today affirms the returns of the long traders into the market. Thus, the price of Lucky Block is set to advance further if the bulls can redouble their efforts and push above the current supply level.
Hence, the stochastic oscillator which is also pointing up means that the price action is in an uptrend. We can certainly expect the price of the coin to increase to a $0.0001200 supply level soon in its medium-term time frame.
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