Lucky Block Price Prediction- May 3
LBLOCKUSD price may possibly resume an uptrend to break up the $0.0002681 supply level soon. A decisive break below the $0.0001762 value would bring more losses to the coin. However, a daily candlestick above the mentioned supply level would invalidate any bearish theory. Therefore, if buyers can put more effort into their tension in the market, a shift in the trend upward to the $0.02000 high value might possibly be achieved.
Levels:
Resistance levels: $0.0002400, $0.0002500, $0.0002600
Support levels: $0.0001800, $0.0001700, $0.0001600
LBLOCKUSD Long-term Trend: Bullish (4H Chart)
LBLOCKUSD is in an upward trend with a bullish sentiment in its long-term perspective. The coin price can be seen above the EMA-9 confirming its bullishness. This is due to the high inflows from the buy traders.
The high order flow from the bulls during yesterday’s session also added to this bullishness. However, the bulls are now set to increase the trend.
Today, the buy traders made a correction to the $0.0001840 supply value above the EMA-9 to resume its uptrend. This indicates an established bull trend. Thus, it is very likely that the bulls will continue rising if further bearish movement is prevented by the bulls as we are seeing a bullish correction in place at the present.
Further, if the coin purchasers could push higher and manage to break up the previous supply at $0.0002681 value, the price of Lucky Block might possibly rise to the $0.02000 upper resistance level in the days ahead in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bullish (1H Chart)
Lucky Block’s price is bullish on the medium-term outlook. The price bar is seen above the two EMAs, this is due to the high impact from the buy investors.
The bulls also made an upward move to the $0.0001873 resistance level before the end of yesterday’s session. This gave buyers more strength to remain in an uptrend in its recent price level.
The drop in the coin price to the $0.0001854 low value above the supply trend levels as the 1-hourly session resumes today has no serious effect on the market as the price remains in an uptrend. The price, wavering above the moving averages indicates the high impact of the bulls.
Hence, should the bulls exchange hands with the sell traders and close above the $0.0002098 resistance value, additional intraday gains would be recorded for the buy investors and this might extend the price of LBLOCKUSD further to the $0.02000 upper resistance level in the coming days in its medium-term outlook.
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