Lucky Block Price Prediction- June 6
LBLOCKUSD may likely retest the $0.0003429 supply level as it is about to resume its bullish race. The crypto currency is trying hard not to fall heavily to the downside. Therefore, if the bulls could trigger their forces in the market, the coin price may likely revisit its above mentioned previous high to reach the $0.02000 high level and beyond.
Levels:
Resistance levels: $0.0002300, $0.0002400, $0.0002500
Support levels: $0.0001200, $0.0001100, $0.0001000
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The LBLOCKUSD 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 from the sell traders.
However, there is about to be a turnaround for the LBLOCKUSD buy traders as the coin has just resumed its bullish race but not yet reach its goal.
The sustained bearish pressure at the $0.0001080 support value during yesterday’s session has made the crypto price remain below the supply trend levels in its recent times.
Commitment from the bulls now retraced the price of Lucky Block from the mentioned support to a $0.0001137 high mark below the moving averages as the daily chart resumes today. This indicates that bulls are coming gradually into the market to and are ready to push us high to a significant level in the upper resistance area.
Thus, if the bulls should increase their price action, and a bullish momentum is sustained far above the resistance trend lines, further bearish sentiment will be hibernated. Thus, traders who buy the coin during the bearish market will also make gains in the future.
Adding to this, the Stochastic is also showing the market is approaching the oversold region.
This means that the selling pressure will end soon. This will compel the bulls to resume the bullish trend to retest the $0.0003429 supply level; the $0.02000 upper resistance level might be reached in the days to come in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The market price of LBLOCKUSD is currently trading in the bearish market zone. This is due to the inflows from the sell traders.
The sell traders made a downward move to the $0.0001080 support level before the end of the yesterday’s session. This has made the coin price remain below the supply trend lines in its recent high.
Actions from the bulls pulled back from the mentioned support to the $0.0001137 supply level below the two EMAs as the 4-hourly chart resumes today.
Hence, should the bulls’ exchange hands with the sell traders and close above the $0.0002300 resistance value, additional intraday gains would be recorded for the long traders.
Additionally, the price of Lucky Block might possibly retest and swing up above its previous high at the $0.0002300 value soon as the coin market price now points upward in the oversold region, this will compel the bulls to resume the upward move and in this case the price might push higher to the $0.02000 supply mark and beyond in the days ahead in its medium-term time frame.
You can purchase Lucky Block here. Buy LBLOCK
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