Lucky Block Price Prediction- April 1
The market price of LBLOCKUSD may resume its upside moves swing up, hence break out is imminent as the new bullish rally has just commenced. Based on the outlook, should the daily candlestick surge higher and close above the $0.0000940 supply mark, the correction phase will extend to meet the resistance at the $0.0001200 trend line.
Key Levels:
Resistance levels: $0.0000700, $0.0000800, $0.0000900
Support levels: $0.0000500, $0.0000400, $0.0000300
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD may swing up to the upsides and a breakout is imminent as the new correction is noted below the supply level in its long-term outlook. The coin is trading below the EMA line. However, the market is presently facing resistance at the recent high.
The crypto has completed its downward moves and is now set for a swing up. The bulls have decided to shift the trend up after series of lows in the past session.
The pullback at the $0.0000325 resistance level below the supply levels as the daily chart commences suggests the returns of the buy traders in the market. The market participants are responding to this pattern, and its breakout should offer a good entry opportunity.
Hence, with the price of Lucky Block pointing upwards on the daily stochastic, this means that further swing up is certain and a breakout is imminent. It is therefore expected that the buy investors will move the price action up and may likely hit the $0.0001200 supply level soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
Lucky Block is possibly making its way up to overcome selling pressure to signal a pump-up. The coin may swing up again to the overhead resistance based on the outlook. The high bearish turnover on the coin has dropped the price below the resistance trend levels in its recent price level.
At the time of writing, the price movement after dropping to a $0.0000317 low level shortly after and later swinging up to a $0.0000323 high level as the 4-hourly session opens today shows more bulls’ presence in the market at the moment. Thus, the breakout is imminent if the bulls can swing up the LBLOCKUSD price to hit the $0.0000656 previous highest point.
Adding to that, the pair which is pointing up on the daily stochastic means that the buying pressure may continue, and suggests a possible break out to a $0.0001200 supply level in the coming days in the medium-term time frame.
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