Lucky Block Price Prediction – April 2
LBLOCKUSD is facing high pressure from the bears at the moment. Meanwhile, the pair will climb up soon as the market selling pressure has reached an oversold area. If the buy investors could increase their buying speed and exchange hands with the bears at the $0.0000309 low level, the coin price may show sustainability above the $0.0000940 resistance value and its upside could extend further to reach a $0.0001200 high level.
Levels:
Resistance levels: $0.0000700, $0.0000800, $0.0000900
Support levels: $0.0000400, $0.0000300, $0.0000200
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The lucky Block price on the daily chart shows that the pair will climb up soon. Further, the price is trading below the two EMAs; it means that it’s in a bearish market zone at the moment.
The sustained and persistent bearish pressure in the last few days has made the crypto price remain below the supply trend levels in its recent low.
Activities from the sell traders further dropped the LBLOCKUSD price to a low at $0.0000309 level below the supply levels as the daily chart commences today. Meanwhile, traders who buy the coin during the bearish market will buy at a lower rate and will still make more gains in the future.
However, if the buy traders can change their buying orientation and successfully keep the coin prices above a $0.0000788 high value, a retest of the previous high at the $0.0000940 level is possible soon.
Adding to this, the Lucky Block price will climb up soon as the market price has reached an oversold region. In light of this, the next price climb up might hit the $0.0001200 high mark in days ahead in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The chart also shows that the LBLOCKUSD price will climb up soon on the medium-term outlook. This is due to the high impact of the short-term traders on the price flow.
The high order flow from the bears during the previous action also added to this bearishness. However, it seems that the coin price will climb up soon as the selling pressure seems to be exhausted.
The order flow by the bears drops the Lucky Block price to a low at $0.0000309 level below the supply trend line as the 4-hourly chart opens today. Hence, traders may seize this opportunity and buy the coin at a lower price to have more potential gains in the future.
With the overall market trend still bearish, the LBLOCKUSD price is likely to climb up and retest the high accumulation zone of $0.0000579 level if the bulls could change their buying orientation.
Similarly, the coin price will climb up and more jumps are ahead as the coin price suggests an uptrend on the daily signals which is pointing upwards. This means that the selling pressure is not likely to continue. In light of this, the bulls may likely touch the $0.0001200 high value in the days ahead in its medium-term outlook.
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