Lucky Block Price Prediction- January 30
LBLOCKUSD‘s price is aiming at retesting the mentioned supply level as it is about to resume its bullish race. The coin is trying hard not to fall heavily to the downside. Therefore, if the bulls could trigger their forces in the market, the coin price action may increase further to reach the $0.0001250 previous high level which could expose the crypto price to the $0.0001400 upper high level and beyond, leading to a high turnover for the coin buyers.
Levels:
Resistance levels: $0.0000700, $0.0000800, $0.0000900
Support levels: $0.0000500, $0.0000400, $0.0000300
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD is bearish in its long-term outlook. The price is now aiming at retesting the $0.0001400 resistance level following the new rising pattern which has just begun below the supply levels.
The sustained bearish pressure to the $0.0000390 support level in the past few days has made the crypto price remain below the supply trend levels in its recent low.
The coin price at the $0.0000405 resistance value below the EMA-50 as the daily chart opens today indicates the return of buyers to the market.
Meanwhile, the current price of Lucky Block at a $0.0000450 high 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.
The Stochastic which is also pointing up implies that the market is already oversold and the selling pressure has ended. As a result, retesting the $0.0001400 supply level could be the target that would eventually boost the crypto signal in the days to come in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The coin buyers also aim at retesting the major resistance zone as soon as we can see a new corrective move below the supply levels in the medium-term outlook.
A rise to a $0.0000405 high level below the EMA-50 by the bulls as a pullback 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.
Based on the outlook, should the bulls go higher and close above the $0.0000738 high mark, a bullish breakout confirmation will reflect the improved market sentiment.
In line with that, the daily stochastic indicates that the underlying sentiment points to a continuation of the rise in the upcoming days.
Buyers could therefore aim at retesting the $0.0001400 supply mark soon in the medium-term time frame.
You can purchase Lucky Block here. Buy LBLOCK
Leave a Reply