Lucky Block Price Prediction – November 3
The Lucky Block (LBLOCKUSD) price has rebounded after completing its low moves. The coin is recovering steadily setting up for an increase to signal a buy potential. Should the bulls regroup and push higher, a further bullish breakout from the $0.0000286 value will accelerate the new correction phase to hit the previous neckline barrier at the $0.0001602 level which could further expose the crypto price to the $0.002000 upper resistance level and beyond.
Levels:
Resistance levels: $0.0001000, $0.0001100, $0.0001200
Support levels: $0.0000600, $0.0000500, $0.0000400
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block price is in a bearish trend trading below the supply trend level in its long-term view. We have also spotted the bulls setting up for an increase at the support level, hence, it seems that the bulls are about to take over and push us higher.
The sustained bearish pressure at the $0.0000236 support value during yesterday’s session has made the crypto’s price stay below the supply trend line in its recent high.
The LBLOCKUSD price rebounded from the mentioned support with a pin bar hammer candle to a $0.0000286 high mark below the EMA-50 as the daily chart resumes today. This indicates a genuine reversal which may attempt the $0.0001602 breakout.
Further, investors may seize the opportunity now buy the coin at a lower price, and look for more gains ahead.
Notably, further downsides are unlikely as the market price of Lucky Block is setting up for an increase by pointing up in the oversold region. The coin will resume an uptrend soon, so we can now grow in confidence that a potential buy is coming near.
In light of this, the next price target could hit the $0.002000 resistance level, indicating a strong supply zone and a potential BUY in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The LBLOCKUSD pair is in a bearish movement and also trading in green below the supply level in its medium-term outlook. Further, the price is set for an increase while gathering momentum to face the upsides to achieve more gains.
Just after a few minutes of opening the 4-hour chart, the bulls made a correction at the $0.0000286 supply value below the supply trend levels to resume its uptrend. This will actually encourage the buy traders to invest in the crypto, as possible future gains are certain.
The pair is pointing upwards at around the 20% range of the daily stochastic. It indicates that the
Lucky Block’s price is setting for an increase in the oversold region of the market. It implies that the selling pressure has ended.
We will now be looking into the emergence of buyers in the oversold region of the market. This crossover could encourage the breakout rally to hit the $0.002000 supply level soon in its medium-term time frame.
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