Lucky Block Price Prediction- May 9
The LBLOCKUSD price will soar higher retest its previous high of $0.0002681 resistance value. The coin having rebounded will most likely continue its bullish correction and the price could go higher and hit the mentioned resistance value. If the bulls are able to break up the $0.0002200 supply mark, then we can expect a good upside momentum up to the $0.02000 upper high value.
Levels:
Resistance levels: $0.0002300, $0.0002400, $0.0002500
Support levels: $0.0001500, $0.0001400, $0.0001300
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
The Lucky Block price is in a bearish trend in its long-term view. The price responded to the shift in the market structure and is currently below the moving averages.
The bears are now involved in the order flow, but it seems that the bulls are about to take over and push us higher.
The sustained bearish pressure at the $0.0001250 support value during the previous action has made the crypto’s price stay below the supply trend line in its recent high.
The cryptocurrency rebounded from the mentioned support with a pin bar hammer candle at the $0.0001611 supply value as the 4-hourly chart opens today. This indicates a genuine reversal which may attempt the $0.0002200 breakout. Further, investors may seize the opportunity now and buy the coin at a lower price and look for more gains ahead.
In addition, the daily stochastic indicates an upward trend, this means that the buy investors may likely continue with the bullish correction pattern to retest the $0.0002200 high value which might further extend the LBLOCKUSD price to reach the $0.02000 upper resistance level soon in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (1H Chart)
The currency pair’s orientation trades in a bearish market in its medium-term outlook. The price bar is seen below the moving averages.
The intervention from the sell traders at the $0.0001250 in the previous action has made the coin price drop below the supply trend line in its recent price level.
The market value of LBLOCKUSD jumps up to the $0.0001590 high level shortly after the commencement of the 1-hourly chart today, indicating that positive sentiment is returning to the market. Thus, buyers need to add more pressure to their activities to move the market beyond the current price level.
In addition, the Lucky Block market is showing more upside possibilities as shown by the daily stochastic pointing upwards; we can certainly expect more gains and strength from the coin. The pair may likely grow to retest the $0.0002681 resistance level soon in its medium time frame.
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