Lucky Block Price Prediction- January 30
Lucky Block is on the positive side today and remains strong above the $0.00016000 supply mark. If the coin price could sustain above the pattern supply trend line, the coin price may trigger up to the overhead resistance mark at the $0.02000 level, thus a clear buy signal.
Levels:
Resistance levels: $0.0002500, $0.0002600, $0.0002700
Support levels: $0.0001800, $0.0001700, $0.0001600
LBLOCKUSD Long-term Trend: Bullish (1H Chart)
LBLOCKUSD remains bullish on the higher time frames. This is clear as we can see the prices trading above the moving average lines indicating an uptrend.
The sustained bullish pressure at the $0.0001668 high value in the previous action has made it capable for the crypto to remain stronger above the supply trend lines in its recent high.
The coin price finds a reliable resistance at around the $0.0001611 level above the two EMAs, resulting in intraday gains. Hence, staying above the resistance trend lines indicates a strong possibility for a bullish correction.
The pair however shows the continuation of bullish sentiment. After testing the lows of $0.0001533 in the previous action, sellers look exhausted while the price of Lucky Block remains above the $0.0001600 supply value as the price continues to sustain an upward move as indicated by the momentum indicator. But the downside risk remained uncertain. Thus, the next bulls’ target might be the $0.02000 high level in the days ahead in its long-term outlook.
LBLOCKUSD Short-term Trend: Bullish (15-Minutes Chart)
Despite the interference of short-term traders in the price flow, the lower time frame market shows a bullish race. The price of LBLOCKUSD can now be seen progressing upward above the moving averages. This shows that buyers are currently gaining more strength in the market.
The bulls are having the market at their disposal at the moment. However, a high retest to the breached $0.0001600 supply value suggests strength in bullish momentum.
The bulls made an aggressive move up with a long bullish candle to the $0.0001611 resistance level above the EMAs shortly after the 15-minute chart opens today. This however makes it capable for the coin to rise further.
Trading above the moving averages will enable the market value of Lucky Block to keep pushing up. With the daily stochastic indicating an upward trend, if the bulls should add more aggression to their activities in the market, the $0.02000 resistance level might be reached soon in its lower time frame.
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