Lucky Block Price Prediction- January 21
There is a possibility for the LBLOCKUSD pair to increase to the $0.01000 supply value. After testing the bottom support at the $0.0001618, a usual response would be a bullish reversal; thus, if buyers eventually wrestled trend control from sellers and rebound from the $0.0001618 support level, the bullish momentum might possibly drive the coin price to a high at $0.01000 supply zone.
Levels:
Resistance levels: $0.002000, $0.002100, $0.002200
Support levels: $0.001812, $0.001712, $0.001612
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
LBLOCKUSD trades in the bearish trend zone in its long-term outlook. The intervention from sellers actually slows the pressure from the bulls down.
Notwithstanding, the bulls are not relenting and are therefore preparing for the next uptrend as the selling pressure is already exhausted.
As a result of price rejection at this level, there was an immediate reversal. Buyers pushed the price higher to the $0.0001718 resistance level during yesterday’s session.
Earlier today the coin buyers responded to the market after a series of low-dips in the previous action and break out from the support trend line to a high at the $0.0001624 supply value below the two EMAs; this is an indication of more forces from the buy traders and bullish commitment.
Thus, buyers must redouble their efforts to forecast a bullish increase in the market above the $0.0002100 supply mark.
Next, more upsides are likely as the market is oversold already. This will compel the buy traders to increase their momentum and as a result of that, the price of Lucky Block might possibly increase to the $0.01000 supply level in the days ahead in its higher time frame.
LBLOCKUSD Short-term Trend: Bearish (15-Minute Chart)
Lucky Block’s price seems to have pullback a little but the overall trend is still bearish in its lower time frame.
The coin was able to reach a high of $0.0001718 level in the previous action after which the inflow from the bears returned the price below the supply trend levels.
After completing the low-dips by the sell traders, the bulls rebounded at the $0.0001620 high value for a recovery attempt as the 15-minutes session opens today.
However, the bullish growth will face a formidable resistance trend line at the aforementioned mark, which may invalidate the selling pressure.
In addition, further upsides are likely as indicated by the price signal pointing upward in the oversold region. This will compel the buy traders to cluster around the market to continue the bullish correction rally and this time around the price of LBLOCKUSD might possibly hit the $0.01000 supply level soon in the lower time frame.
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