Lucky Block Price Prediction- November 14
The LBLOCKUSD pair however may likely turn upside to resume its uptrend movement if the bulls should change their orientation and accelerate their pressure, the coin price may retest the $0.0002280 high level and also extend to the $0.02000 resistance trend line
Key Levels:
Resistance levels: $0.0002500, $0.0002600, $0.0002700
Support levels: $0.0001630, $0.0001530, $0.0001430
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
The market value of LBLOCKUSD can be seen in a bearish scenario in its long-term outlook. This is due to interference from the sell traders.
The pair has reached the $0.0001892 resistance level as the 1-hourly chart opens today after which sellers intervened and dropped the coin price down to the $0.0001638 support level. Thus, the current pullback at the $0.0001638 made by the bulls implies that the coin price is set for an increase and the buy traders are set for their buy actions.
Similarly, the Lucky Block price is about to experience a bullish trend pattern as the market is pointing up below the 20% range of the daily stochastic. So the price could be ready very soon for another jump. In this case, a significant level above the $0.0002280 supply level might be tested soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (15-Minutes Chart)
LBLOCKUSD is bearish in the medium-term perspective. The price bars are below the moving average lines, this means that the pair is in a bearish market zone at the moment.
The Coin price at the $0.0001648 support value is seen below the moving averages. This is due to the high interaction from the short traders. However, with this trend, traders may buy the coin at a low price and move the market higher.
Meanwhile, the Lucky Block pair is below the level 20% range of the daily stochastic, which means that the market is oversold, this will enable the bulls to commence the upward movement soon and the $0.0002280 resistance level might be reached soon in its lower-term outlook.
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