LBLOCK/USD: August 9th, 2022
Trading indicators are showing that Buyers are gathering, and they aim to move LBLOCK value higher. In addition, the activities of Buyers are reflected on trading indicators that were used in preparing this analysis. And, we all know when it comes to cryptocurrency, buying the dip usually pays off in the end. Therefore, there lies a trading opportunity in the LBLOCK/USD market.
Value of LBLOCK now: $0.0006683
Market Cap of LBLOCK: $45.8 million
Circulating Supply of Lucky Block: 40.77 billion
LBLOCK’s Overall Supply: 99.6 billion
Position of Lucky Block on Coinmarketcap: #3213
Top: $0.0006683, $0.0006695, $0.0006705
Bottom: $0.0006700, $0.0006690, $0.0006680
LBLOCK/USD Value Forecast: Lucky Block Now Showing Signs of Steady Value Gain
The LBLOCK/USD 4-hours chart is showing that Lucky Block will soon be caught up in an uptrend. Looking at the GMMA: Guppy Multiple Moving Average, we can observe that the latest price candle is now InTouch with the quicker GMMA threads. Once the next candle forms and it’s engulfed by the MAs, there might be a supply of additional upside momentum to price motion.
Furthermore, the Stochastic RSI curves are now in touch with each other in the oversold region. Also, this means that from this point price movements will gains upward momentum. Eventually, this will see the value of this crypto moving up.
LBLOCK/USD Value Forecast: Lucky Block Upside Motion Stays Positive
LBLOCK/USD hourly chart further confirms the possibility of more upward price movements. On this chart, the GMMA threads now appear closer to each other. Also, we can see that more candlesticks are now in contact with the GMMA threads. Subsequent candle formation may further push the price deeper into the GMMA, resulting in increased strength of the uptrend.
Additionally, looking at the Stochastic RSI for this hourly chart, we can see that these Indicator curves are pointing into the oversold area. Also, the fact that the curve is still below level 70%, implies that there remain more room for the uptrend to gain more momentum. Therefore, LBLOCK may soon value at $0.0006800 and possibly $0.0007300. Buyers can buy now to earn more.
You can purchase Lucky Block here. Buy LBLOCK