Lucky Block Price Prediction – August 11
The Lucky Block price is ascending to the $0.001000 supply level soon as the coin has just resumed its rising pattern. The crypto could continue to rise upward if it breaks up the $0.0004450 resistance value and the daily candle closes above the mentioned resistance. The $0.001000 upper supply level might be the target.
Levels:
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0001000, $0.0000900, $0.0000800
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block price is in a bearish trend and trading below the supply levels in its higher time frame. This is due to the high order flow of the short traders.
The bearish action on the crypto to a $0.0000900 low value on the 6th of August has dropped the coin price below the resistance levels in its recent high.
Increased momentum by the buying crew moves the market price of LBLOCKUSD further up to a $0.0000930 resistance level below the moving averages as it journeys up north. A possible breakout from the mentioned supply level will provide a higher float for buyers and prolong the ongoing recovery.
However, if the buy traders could push harder and successfully keep the Lucky Block prices above a $0.0004450 previous high, further bearish thesis would be invalidated.
Adding to that, more upsides are possible as indicated by the momentum indicator which is in an upward direction in the oversold region. This means that the price of Lucky Block will continue in an ascending channel and a $0.001000 upper high level might be the target in the days ahead in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
LBLOCKUSD is in a bearish trend in its medium-term outlook. The price bars can be sighted below the supply trend levels. The price drop to a $0.0000903 low level in the past few hours has made the crypto price stay below the moving averages in its recent high.
An increase to a $0.000930 high mark below the two EMAs as the 4-hourly chart opens today indicates the return of more active buys traders in the price flow.
Therefore, the coin holders would need a breakout above the new recovery trend line to obtain a signal of potential growth. Thus, a break above the $0.0001500 previous swing high will put further selling pressure into hibernation.
Further, the Lucky Block price is pointing up, indicating an uptrend as shown by the price indicator; it means that the buying pressure will continue.
As a result of that, the bullish race might possibly ascend to a $0.001000 resistance level and beyond in the coming days in its medium-term outlook.
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