Lucky Block Price Prediction – February 1
LBLOCKUSD holds a recovery opportunity with a bullish reversal pattern. There is an opportunity to buy the coin as the market price remains open for bullish growth at the moment. However, the price will move higher above the current resistance level at $0.0000436 if buyers should exert more force into the price action in the market. The $0.0001297 high trend line might be retested soon, which could expose the market price to a $0.0002000 upper high mark. Hence, a great opportunity and a clear buy signal for long investors.
Key Levels:
Resistance levels: $0.0000700, $0.0000800, $0.0000900
Support levels: $0.0000400, $0.0000300, $0.0000200
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD is bearish and remains open for bullish growth in its long-term outlook. This is clear as we can see the new correction trending up below the supply levels. It seems that the bulls are about to take over and push us higher
The cryptocurrency price has been below the supply trend levels since its most recent low due to the persistent bearish pressure over the last few days.
The buying team has decided to shift the trend up after completing the low-dips of yesterday at a $0.0000390 low mark.
The current price of LBLOCKUSD at a $0.0000436 high level below the moving average as the daily chart opens today, suggests the returns of the buying traders in the market. The market participants are responding to this pattern, and its breakout should offer a good buy entry opportunity as the crypto remains open for bullish growth.
Additionally, the pair pointing up on the daily stochastic means that the buying pressure may continue, and suggests a possible bullish growth which may lead the price of Lucky Block to a $0.0002000 supply level and a best crypto signal for buyers soon in the medium-term time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
LBLOCKUSD is in a bullish trend market and also remains open for bullish growth in its medium-term view. Prices are seen trading above the EMA-50 approaching the overhead resistance. It seems that the bulls are ready for bullish growth and push us higher.
The bulls’ pressure on the coin to a $0.0000408 resistance level in the previous action has made it possible for it to retain its upward growth in recent times.
An increase to a $0.0000436 high level above the EMA-50 approaching the overhead resistance on the medium-term chart today indicates that the buying traders are actively buying for bullish growth at this level.
Thus, a possible breakout from the mentioned supply will accelerate the buying momentum and push the prices of Lucky Block higher to hit the previous high at $0.0000556 level, bolstering buyers for a sustainable rally.
Notably, the market is pointing up on the daily stochastic; this means that the crypto is open for bullish growth, in light of this, the price of LBLOCKUSD might hit the $0.0002000 supply trend mark, thus registering a buy signal for coin traders soon in its higher time frame.
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