Lucky Block Price Prediction- November 10
LBLOCKUSD is likely to face the positive side soon. After testing the bottom support, a usual response would be a bullish reversal; should the buyer’s eventually wrestled trend control from sellers and rebound from the $0.0002124 support level, the bullish momentum might possibly drive the coin price to a high at $0.04000 supply trend line.
Resistance levels: $0.0002500, $0.0002600, $0.0002700
Support levels: $0.0002100, $0.0002000, $0.0001999
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
As an outcome of low bullish momentum, the LBLOCKUSD trades in a bearish trend. Sellers are hindering the market from smashing through the supply zones.
The pair has reached the $0.0002241 resistance mark as the 1-hourly chart opens today after which the intervention from the bears now dropped the coin price to a low at the $0.0002124 level. However, with this trend, traders may buy the coin at a low price and also make gains in the future.
Meanwhile, there is a possibility of price reversal at the mentioned support level as the market is now below level 20 of the daily stochastic. It means that the coin market is oversold. This implies that the selling momentum will end soon and the time to gain more strength from buyers is near.
The next bullish correction phase could reach a high at the $0.04000 upper supply mark in the days ahead as we watch the Lucky Block market turns bullish sooner in its long-term outlook.
LBLOCKUSD Short-term Trend: Bearish (15-Minutes Chart)
The market value of Lucky Block on the lower time frame (15 minutes) at the $0.00021 resistance value is seen below the moving averages. This is to announce to the traders about the return of the buy traders to resume the uptrend and dominate the crypto market.
In addition, the LBLOCKUSD price will still go up as indicated by the daily stochastic which is pointing upward in the oversold region. We can therefore expect the new shift in trend to reach a high at the $0.04000 trend mark soon in its lower time frame.
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