Lucky Block Price Prediction – March 21
LBLOCKUSD is prepared to resume the next big bounce. The selling pressure has ended and the coin price could be ready for an upward movement soon. The coin is now set for the next big bounce and a swift increase is expected to follow soon. Therefore, a bullish crossover above the $0.0000940 high mark will encourage the buy investors for a longer correction and this might reach a high at $0.0001200 upper supply trend line.
Levels:
Resistance levels: $0.0000500, $0.0000600, $0.0000700
Support levels: $0.0000400, $0.0000300, $0.0000200
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The LBLOCKUSD pair is about to resume the next big bounce and it seems to have pullback a little but the overall trend is still bearish in its long-term outlook. Further, the coin price is trading below the EMA-50; which means that it’s in a bearish market zone at the moment.
The sustained bearish pressure to a $0.0000387 low mark during yesterday’s session has made the Lucky Block price remain below the supply trend levels in its recent price level.
We have just spotted a breakout and the start of a continuation to the upside as the bulls are planning to resume the next big bounce.
At the time of writing this article today, the Lucky Block buyers made a pullback at the $0.0000386 value which further increases to the $0.0000400 supply value below the supply level as a correction phase with intraday gains.
Hence, if the bulls could add more concern to their buying forces and push higher above the $0.0000940 supply level, the strong big bounce could encourage more buyers into the market.
The stochastic also signaled an uptrend in the oversold region, this means that the selling pressure has ended and the big bounce is likely to continue.
In light of this, the big bounce ahead may reach the $0.0001200 upper high level in the coming days in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The LBLOCKUSD market has just resumed the next big bounce on the medium-term chart. The new correction can be seen below the moving average line indicating a bearish sentiment.
The bears’ movement to the $0.0000384 support level in the past few hours has contributed to this bearishness in recent times.
However, the coin price has started the next big bounce and this may turn around the coin market for good.
The price of LBLOCKUSD at a $0.0000400 high level below the resistance levels as the 4-hourly chart commences today as a pullback, is a push by the bulls to resume the next big bounce. This trend pattern proves the impact of bullishness on crypto.
However, the currency pair could grow further if the buy traders managed to break up the $0.0000738 previous high level, maintaining a further growth potential for the buy traders.
In addition, the momentum indicator shows that the price of LBLOCKUSD will continue the next big bounce, so we expect the price distribution to reach the $0.0001200 supply level and beyond in the coming days in its medium-term outlook.
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