Lucky Block Price Prediction – November 8
Amid the broader market uncertainty, the Lucky Block price is struggling and will trigger up soon to maintain a sustainable bullish recovery. The recent market structure points to a rise in the near future. The vital resistance for the coin is found near the $0.0000288 supply zone. However, the price will trigger up if the current support at $0.0000244 holds and the bulls should put in more aggressive efforts, the price may possibly rise further to reach a $0.001000 high level, resulting in a high gain for the interested traders.
Levels:
Resistance levels: $0.0001000, $0.0001100, $0.0001200
Support levels: $0.0000500, $0.0000400, $0.0000300
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The daily chart of LBLOCKUSD has recently depicted a short-bodied green candle trading below the supply level which indicates its bearish momentum. Notwithstanding, the bulls are ready to trigger up the coin market as a new correction phase has been spotted at the support zone to resume the uptrend.
The sell traders’ intervention to a low value of $0.0000241 on November 3rd actually lessens the bulls’ pressure at the recent low.
The bulls triggered the price of Lucky Block to a $0.0000288 high mark below the supply level as the daily chart opens today. Thus, buyers must redouble their efforts to forecast a bullish increase in the market above the $0.0001900 supply mark.
Additionally, 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 to trigger up very soon for a bullish pattern continuation. In this case, a significant level above the $0.001000 supply trend line might be the target soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The Lucky Block pair has been triggered up above the supply level and remains positive in its medium-term time frame. The bulls’ action to a $0.0000286 high level has made it possible for the coin price to remain in an uptrend in its recent high.
The coin price finds reliable resistance at around the $0.0000288 supply mark above the EMA-50, resulting in intraday gains as the 4-hour session resumes today. However, the bullish growth will face a formidable resistance trend line at the aforementioned mark, which may invalidate the selling pressure.
Hence, an increase in bullish momentum and a break above the $0.0000349 previous supply mark would trigger up the buying pressure on the crypto.
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 trigger up the bullish correction rally fully and this time around the bulls may likely hit the $0.0010000 supply level soon in the medium-term time frame.
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