Lucky Block Price Prediction – July 27
LBLOCKUSD at the moment is currently recovering and showing positive signs above the $0.0001031 supply level. The crypto having increased to the $0.0001071 resistance trend line might actually face more upsides if the bulls increase their activities in the market. At the time of writing this article, the coin price is facing the ascending channel and $0.001000 upper high value might be the target.
Levels:
Resistance levels: $0.0001000, $0.0001100, $0.0001200
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
LBLOCKUSD price seems to have pullback a little but the overall trend is still bullish in its long-term outlook. As a result of price rejection at this level, there was an immediate reversal.
Buyers pushed the price higher to the $0.0001030 resistance level during yesterday’s session and sustained it. This made it capable for the coin to maintain its upward strength in its recent high.
The price distribution of the coin at the moment has risen to a $0.0001071 high level which is above the EMA-9 with its wick touching the EMA-50 shortly after the daily chart opens today, this indicates that bulls are gradually gaining access into the market at the present and may likely take over sooner.
Thus, should the buy investors put more effort and closes the daily chart above the $0.0003429 supply trend line, further bearish sentiment will be invalidated.
Similarly, the price indicator which is also pointing up at around level 41% approaching the overbought region suggests that the coin is in an uptrend, this implies that the bullish correction pattern will definitely continue, if this is achieved, the $0.001000 upper resistance mark might be the target in the coming days in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
LBLOCKUSD can be seen in a smooth uptrend in its medium-term time frame. The coin is losing bearish momentum as it rises above the $0.0001069 resistance level as the 4-hour chart opens today.
Pressure from the bulls at the $0.0001045 high value in the previous action has sustained its upward stability in its recent high.
Despite the inflow from the short traders, buyers successfully pushed the coin price up to the $0.0001071 supply value above the moving averages as the journey up north continues today.
This suggests an uptrend as well as an indication that the buy traders are actually investing in the coin at present.
Meanwhile, the Lucky Block price may likely rise further as the bulls are seen clustered around the market as shown by the price indicator pointing upwards, in this case, the next bull ride could reach the $0.001000 supply mark in its medium-term time frame.
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