Lucky Block Price Prediction – September 20
and exchange hands with the bears at the $0.0000920 current support, the price may likely reverse in a bullish direction and may perhaps retest the previous high of $0.0004450 which might expose the crypto price to the $0.001000 upper high level and beyond.
Levels:
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The LBLOCKUSD pair is trading in the bearish trend market in its long-term outlook as can be seen from the chart above. The price bar can be seen below the moving average lines and has suggests a possible reversal from the support level.
The interference of short-term traders to the $0.0000900 low level in the past few days has contributed to its bearish momentum in recent times.
Today, the bears however made a drop to a $0.0000902 support level below the moving averages; this is an indication of a bearish momentum in the context of the strength of the crypto. The bears are actually dictating the market conditions at the present.
Hence, should the bulls put additional efforts to their buying motives; the price of Lucky Block could turn positive to retest the previous high of $0.000445004450 value.
Additionally, LBLOCKUSD pair suggest a possible reversal at the mentioned support as the market is now trading in the oversold region around the 10% range of the daily stochastic; it means that the selling pressure will end soon.
This will compel the buy traders to resume an uptrend and may likely break up the $0.00004450 supply level to hit the $0.001000 upper resistance in the days ahead in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The currency pair is trading in a bearish market in its medium-term outlook. This is due to the high influence of the sell traders. However, the Lucky Block price suggests a possible reversal as the coin price is now oversold.
The bearish candle at the $0.0000936 low value during the previous action has made the coin price to trade below the supply levels in recent times.
The price of Lucky Block at the $0.0000920 low value below the two EMAs as the 4-hour chart opens today is as a result of low bullish momentum. Thus, traders who buy the coin during the bearish market will also make gains in the future.
Meanwhile, there is a possibility for a price reversal at the mentioned support as the market now approaches the oversold region of the daily stochastic.
This upcoming bullish rally may likely breakup the $0.0001270 high mark which might possibly hit the $0.001000 supply value in the coming days in the medium-term outlook.
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