Lucky Block Price Prediction- August 2
Amid market fluctuations, the Lucky Block price can rise soon, and break out is imminent as the bears’ pressure on the coin is at the exhaustion stage. Based on the setup, should the bulls increase their buying speed and turn up from the $0.0000190 daily support level, the correction phase may surge high to meet the resistance at the $0.0001200 upper trend line, signaling positive momentum and an intraday gain for the coin buyers.
Levels:
Resistance levels: $0.0000400, $0.000500, $0.0000600
Support levels: $0.0000150, $0.0000130, $0.0000120
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD is about to rise, and a breakout is imminent soon in the long-term outlook. The price is slightly below the EMA-50, which confirms its bearishness.
The high order flow by the bears to a $0.0000197 low mark during yesterday’s session also added to its bearishness in its recent low. However, the crypto is set to rise soon and a breakout is imminent as the market approaches the oversold region.
At the press time today, activities of the bears dropped the Lucky Block price to a low of $0.0000190 below the supply level as the daily chart opens. Hence, buyers can purchase the crypto at a lower rate during the current trend and make gains in the future.
Meanwhile, the coin price may rise and a breakout is imminent to reach the $0.0000745 high level if the bulls can trigger their buying interests and reverse at the $0.0000190 support level.
Hence, the price of LBLOCKUSD approaching the oversold region of the daily stochastic suggests a rise and breakout is imminent. It is therefore expected that the buy investors will move the crypto price high and may likely reach the $0.0001200 supply level in the next days in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
Amid the recent fluctuations in the market, the Lucky Block price is set to rise and a breakout is imminent as it begins its bullish correction on the medium-term outlook. The price bar is facing the resistance below the moving average, confirming its bearishness.
The market has been slowed down due to the interaction from the bears to the $0.0000197 low value in the previous action. Right now, the crypto is ready for a rise and a breakout is imminent as the bulls have just begun their rising pattern to indicate buyers’ interest and concern on the coin.
At the press time, the LBLOCKUSD price pulled back to a $0.0000191 resistance level below the EMA-50, as the 4-hourly chart commences today, suggesting a rise in the crypto value.
The market participants are responding to this pattern, and its breakout could lead the crypto price to hit the $0.0000209 previous barrier, offering the interested buyer a good entry opportunity.
Meanwhile, the Lucky Block pair shows that a rise and a breakout are imminent by pointing upwards in the oversold region, suggesting that the upward rally will continue and may likely rise towards the $0.0001200 upper resistance value in the days ahead in the medium-term perspective.
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