Lucky Block Price Prediction- September 7
The Lucky Block price is currently wobbling in the retest phase offering an entry opportunity for interest traders. If the crypto’s price sustains above the $0.00177 supply level, the potential rally could surge above $0.002399 higher to hit a $0.002655 high level.
Levels:
Resistance levels: $0.001500, $0.001600, $0.001700
Support levels: $0.0008500, $0.0008400, $0.0008300
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
LBLOCK is showing a bearish sentiment in its long-term view. The coin is now retracing from the support zone, this sends a clear buy signal in the next move.
The crypto gave a bullish breakout from the range of support at the $0.000801 level to the $0.000869 supply level, suggesting the buyers are making a recovery attempt as the 4-hourly chart opens today. Thus, we can grow in confidence that a potential buyer is coming near.
In addition, the Lucky Block market is indicating an uptrend in the oversold region of the daily stochastic, this implies that the selling pressure is over and the next bullish ride may likely hit the $0.002655 resistance level soon as the bulls look for more gains in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bearish (1H Chart)
On the lower time frame, the DeFi Coin price can be seen below the EMAs, which means that the price is in a bearish market arena.
The buy traders triggered the price up to a $0.000937 supply level after which the sellers return and drove the price down to a $0.000809 low level. Thus, the price reversal now at the $0.000852 resistance level suggests the recovery and more gains from the bulls.
If the bulls should increase their momentum, the price will definitely go higher above the key levels in the supply level.
Meanwhile, the market’s selling pressure has ended as indicated by the daily stochastic. We can now expect the price to turn upside and the $0.002655 high level might be reached in its lower time frame.
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