Lucky Block Price Prediction- August 25
Lucky Block is well on its way to the resistance. The recent market structure points to a rise in the near future. The vital resistance for the coin is found near the $0.00142 supply zone. However, the price can go higher if the current support at $0.0001396 holds and the bulls should put in more aggressive efforts, the price may possibly reach a $0.03000 high level.
Levels:
Resistance levels: $0.002000, $0.002100, $0.002200
Support levels: $0.001812, $0.001712, $0.001612
LBLOCKUSD Long-term Trend: Bullish (1H Chart)
LBLOCKUSD trades in the bullish trend zone in its long-term outlook. The intervention from the sellers actually slows the pressure from the bulls down.
Notwithstanding, the bulls are not relenting and are therefore preparing for the next uptrend.
As an outcome of low bearish momentum, buyers are hindering the market from smashing through the support zones. The coin price at a $0.0001422 high value is undeniably bullish as the daily session opens today. This was overridden by the bears as the price dropped down to a $0.0001412 low value. Thus, buyers must redouble their efforts to forecast a bullish increase in the market above the $192.689 supply mark.
Further, the Lucky Block price may likely continue in the same bullish trend as the market is pointing up on the daily stochastic. So, the price could be ready very soon for a bullish pattern continuation. In this case, a significant level above the $0.03000 supply trend line might be the target soon in its higher time frame.
LBLOCKUSD Short-term Trend: Bullish (15-Minutes Chart)
The Lucky Block pair is positive in its short-term time frame, trading in a bullish trend. The price opened lower but managed to trade in green over the past few minutes.
The coin price finds reliable resistance at around the $0.0001411 supply mark above the two EMAs, resulting in intraday gains as the 15-minute session resumes today.
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 bulls may likely hit the $0.03000 supply level soon in the lower time frame.
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