Lucky Block Price Prediction – August 4
Lucky Block‘s price is set for the next uphill trend. The coin market is set for another bull race after a long dip dump by the bears. In case the buy traders manage to break up the pattern’s resistance trend line at a $0.0003429 high value, a possible relief rally may drive the coin market price to the $0.002000 upper resistance mark and beyond which would further invalidate any occurrence of bearish thesis.
Levels:
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0001100, $0.0001000, $0.0000900
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
The LBLOCKUSD price is slightly above the EMA-9 indicating a bullish trend in the higher time frame; this is due to the high impact of the buy traders in the order flow.
Pressure from the bulls at the $0.0001032 high value in the previous action has sustained its upward stability in its recent high.
The market price of Lucky Block which rises from the $0.0001036 level to the $0.0001082 high value above the two EMA-9 as the daily chart opens today is an indication that the coin is actually traded by the buy traders; this also connotes more intraday gains for the buy investors.
Thus, it is very likely that the bulls will continue rising as we are seeing a bullish correction in place at present. Hence, a break above the $0.0003429 supply mark will put further selling pressure into hibernation, resulting in intraday profits for the buying traders.
Having said that, with the daily stochastic indicating an uptrend, if the buy traders successfully keep the LBLOCKUSD prices above the $0.0003429 resistance level, the next price target might be the $0.002000 upper high mark level in the coming days in its long-term time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The momentum on the medium-term time frame (4H) is undeniably bullish. This is clear as we can see prices above the two EMAs making higher highs and higher lows.
The sustained pressure from the bulls at the $0.0001032 supply level in the past action has contributed to its upward strength in recent times.
The market price of Lucky Block which rises to the $0.0001082 high value above the two EMAs as the 4-hourly chart opens today, is an indication that the coin is actually traded by the buy traders, this also connotes more intraday gains for the buy investors.
The longer the price stays far above the mentioned level, the more pressure builds up to reach a key significant level at the upside.
Further, continuation to the north is likely as the bulls are seen clustering around the coin market at present. So we can expect a steady increase in the price of LBLOCKUSD to reach the $0.002000 upper resistance level as the journey up north continues in its medium-term outlook.
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