Lucky Block Price Prediction- May 11
LBLOCKUSD is preparing for the next upward trend. The coin is gradually moving upward: hence, if all support levels hold and resistance breaks out of the $0.0000885 level, we can see a further change in the price to retest the $0.0001099 previous high value. The coin price may likely swing up further to hit the $0.0001200 upper high level.
Levels:
Resistance levels: $0.0000500, $0.0000600, $0.0000700
Support levels: $0.0000300, $0.0000200, $0.0000100
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block pair can be seen preparing for the next upward trend showing a bearish display in its long-term perspective. The high order flow of the bears is the cause of this. However, there is about to be a turnaround for the Lucky Block buy traders as the new rising pattern has just begun.
The coin price has fallen below the supply trend lines as a result of the bears’ pressure, which brought it to a low of $0.0000301 level during yesterday’s session, but it now appears like the bulls are preparing for the next uptrend and driving us upward.
The price responded to the shift in the market structure and is currently below the moving averages at the $0.0000314 resistance value as the daily chart opens today. Further increase in the buying pressure may touch the $0.0001099 previous supply level which will invalidate any further bearish thesis.
Additionally, the daily stochastic suggests an uptrend. This indicates a bullish continuation to the upward as the bulls are preparing for the next uptrend, which will allow the bulls to continue the current rally and may soon result in the $0.0001200 resistance trend line or higher in the long-term forecast.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The currency pair is trading below the moving averages, preparing for the next upward trend, which is an indication of a bearish market sentiment in its medium-term outlook. Thus, the LBLOCKUSD pair is correcting and will resume its bullishness soon.
A rise to a $0.0000314 high level below the supply trend levels by the bulls shortly after the 4-hourly chart opens today affirms the returns of the long traders into the market.
Thus, the price of Lucky Block is preparing for the next upward trend and is set to advance further if the bulls can redouble their efforts and push above the current supply level.
Hence, the stochastic oscillator which is also pointing up means that the price action is in an uptrend. We can certainly expect the price of LBLOCKUSD to increase to a $0.0001200 supply level soon in its medium-term forecast.
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