Lucky Block Price Prediction – November 14
Lucky Block is well on its way to the resistance and the price will continue to rise. The current state of the market suggests that prices will soon rise. The coin’s critical resistance is found near the $0.0000280 value. However, the price can go higher if the current support at the $0.0000254 level holds and the bulls exert more aggressive pressure, the price may possibly reach a $0.001000 high level.
Levels:
Resistance levels: $0.0001000, $0.0001100, $0.0001200
Support levels: $0.0000500, $0.0000400, $0.0000300
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
Based on the long-term outlook of LBLOCKUSD, the price will continue to rise as we can spot the new rising pattern at the support level. This suggests that the coin is in a bearish trend.
The intervention of sellers to a $0.0000254 low value in the past few days actually slows the pressure from the bulls down in its recent price level. Notwithstanding, the bulls are not relenting and are therefore preparing for the next uptrend.
The coin price at a $0.0000280 high value below the EMA is undeniably bullish as the daily session opens today. In order to predict a bullish rise in the market above the $0.0001602 supply level, buyers must therefore step up their efforts.
Furthermore, given that the market is trending upward on the daily stochastic, it is possible that the Lucky Block price will continue to rise and maintain its bullish trajectory.
Thus, the price may be poised for a bullish pattern continuation very soon. In this instance, a significant level above the $0.001000 upper supply trend line might be the target soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The Lucky Block pair is positive in its medium-term time frame, trading in a bullish trend. The price will continue to rise as it trades above the supply levels at the present.
The sustained bullish pressure at the $0.0000277 resistance level during the past session has made it possible for the coin to remain strong above the supply levels in its recent price level.
As the 4-hour session opens today, the LBLOCKUSD price finds a steady resistance at the $0.0000280 supply mark above the EMA-50, leading to intraday gains.
However, the bullish growth will face a formidable resistance trend line at the aforementioned mark, which may invalidate the selling pressure.
In addition, further upsides are likely as indicated by the price signal pointing upward. This will compel the buy traders to cluster around the market to continue the bullish correction rally fully and this time around, the price will continue to rise and may likely hit the $0.001000 supply level soon in the lower time frame.
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