Lucky Block Price Prediction – July 3
LBLOCKUSD is about to resume its bullish race. LBLOCKUSD price to swing up, breakout Imminent, The altcoin is trying hard not to fall heavily to the downside. Therefore, if the bulls could trigger their forces in the market, and the price closes above the $0.0003429 supply trend line; this will trigger the buying opportunity for traders.
Levels:
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0000800, $0.0000700, $0.0000600
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block pair is currently trading in the bearish market zone in its long-term time frame. The bulls are also trying and will not allow the support level to stay. The price is now on its way up to the resistance area to validate the bearishness.
The bears’ pressure at the $0.0001001 support value during yesterday’s session has contributed to its bearishness in recent times.
The buy traders made a correction at the $0.0001056 supply mark and further rise to a $0.0001062 high value to resume its next uptrend move as the daily chart resumes today.
The current price level however shows an intraday gain.
This current trend will enable the price of LBLOCKUSD to remain on the upside and rise or break out to the upside. This however creates a strong area of interest for the buyers.
Hence, with the price pointing upwards on the daily stochastic means that further upside is certain. It is therefore expected that the buy investors will move the price of Lucky Block up and may likely hit the $0.02000 supply level soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
LBLOCKUSD indicates a downward trend with a bearish sentiment in its medium-term perspective. The coin is trading below the two EMAs, indicating a bearish trend. However, the market is presently facing resistance at the recent high due to the returns of the bulls into the market at the present.
The price action which increases from the $0.0001059 level to the $0.0001062 resistance level below the moving averages as a retracement move, affirms the presence and the impact of the bulls in the market. Thus, closing the 4-hourly session above $0.0002000 will put the trade more on the buy side.
Hence, the pair pointing up on the daily stochastic means that the buying pressure may continue, and suggests a possible recovery of the $0.02000 supply level in the coming days in the medium-term time frame.
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