Lucky Block Price Prediction- April 21
LBLOCKUSD selling pressure may possibly end soon to face the positive side as usual. Therefore; if buyers should accelerate their price actions in the market, the $0.0003429 previous high may be retested which might possibly extend to the $0.02000 upper resistance trend level and beyond.
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)
As an outcome of low volume from the bulls, the LBLOCKUSD pair is in a bearish trend on the 4-hourly chart. The price currently trades below the moving average lines confirming a downtrend.
The price drop to the $0.0001900 low value during the previous action has made the coin price trade below the supply levels. This will soon be invalidated as the coin market now trades in the oversold region.
The pair has reached the $0.0002014 resistance mark as the 4-hourly chart opens today after which the intervention from the bears now dropped the coin price to a low at the $0.0001934 level. However, with this trend, traders may buy the coin at a low price and move the market higher.
Meanwhile, there is a possibility of a price reversal at the mentioned support level as the market is now pointing downward below the 10% range of the daily stochastic. This means that the selling momentum will end soon and the time to gain more strength from buyers is near.
The next bullish correction phase could reach a high at the $0.02000 upper supply mark in the days ahead as we watch the Lucky Block market turns bullish sooner in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (1H Chart)
The Lucky Block price is in a bearish race in the medium-term outlook. The price is below the supply trend lines, indicating a bearish trend. This is due to low bullish momentum.
The bearish pressure on the crypto market at the $0.0001909 support value below the moving averages in the previous action has retained the coin price in the bearish trend.
Earlier today, the bulls made an increase to the $0.0002014 supply value after which the sell traders intervened and dropped the coin price down to the $0.0001934 support value below the two EMAs.
Thus, the coin prices will likely rise soon as the market is oversold already. Meanwhile, traders may use this opportunity to buy the coin at the current trend at a lower rate for future gains.
Additionally, the price of LBLOCKUSD is also at the oversold region of the daily signal, this
suggests that the coin price might possibly retrace from the current support at the $0.0001934 level and resume its upward rally; this could reach a high at $0.02000 upper supply value in the days ahead in its medium time frame.
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