Lucky Block Price Prediction – September 26
The Lucky Block price is actually set to rise further as it is on its way to the critical supply level. The bull race may likely continue provided the buy investors add more strength to their actions and push the crypto upward. Thus, should buyers manage to break up the pattern’s resistance trend line at a $0.0002890 high value, a possible relief rally may drive the coin market price to the $0.001000 resistance mark and beyond.
Key Levels:
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
As shown in the chart above, the Lucky Block price is bearish on the higher time frame. This is due to the high impact of the sell traders. However, the coin price is set to rise further as the bulls are now in the market to turn around the trend. The high order flow from the bears during yesterday’s session also added to this bearishness in its recent low.
Today, the buy traders made a correction at a $0.0000925 value which further increases to the $0.0000956 supply mark below the moving averages to resume its uptrend. This indicates an established bull trend.
Therefore, a daily candlestick closing above the $0.0002890 resistance mark is important to confirm a bullish breakout.
In addition to this, more upsides are expected as the LBLOCKUSD market is also pointing up in the oversold region of the daily stochastic; this means that the selling pressure has ended and the bulls are now set to rise further, and in this case, $0.001000 supply level might be the target soon in the higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
LBLOCKUSD’s price is in a bullish market at the moment. Further, the coin is trading slightly above the EMA-9 with its wick touching the EMA-50.
The coin price finds reliable resistance at around $0.0000956 level above the EMA-9, resulting in intraday gains. Hence, staying above the resistance trend lines indicates a strong possibility for a bullish correction.
Additionally, Lucky Block’s price is set to rise further as the market has fallen to a level 10% of the momentum indicator. It indicates that the LBLOCKUSD pair is oversold. This will compel the buying pressure to rise further and the new bullish pattern may hit the $0.001000 upper high mark in its medium-term outlook sooner.
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