Lucky Block Price Prediction – October 10
Lucky Block price is posed to advance to the upside to face the buying pressure from the bulls as we can see a new correction in place. Therefore; if buyers should accelerate their price actions in the market, the $0.0002000 previous high may be retested which might extend the crypto price to the $0.001000 upper resistance trend level and beyond, which could be a higher footing for the recovery pattern.
Levels:
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
As an outcome of low volume from the bulls, the LBLOCKUSD pair is in a bearish trend on the daily chart. The price currently trades below the moving average line confirming a downtrend. Meanwhile, the crypto is about to face high buying pressure as the buy traders have just resumed the new correction phase.
The price drop to the $0.0000263 low value in the past few days has made the coin price trade below the supply levels in its recent low. This will soon be invalidated as the coin market is now set to face the buying pressure.
The bulls’ in-road briefly pushed the price up a bit to the $0.0000300 resistance value below the EMA as the daily chart opens today. This implies that buyers are returning to the market gradually to stage a play and are actually buying at this level. However, with this trend, traders may buy the coin at a low price and move the market higher.
If the trend continues, we might see the coin approaching the $0.0002000 supply trend line of the pattern, presenting a potential opportunity for buyers.
Notably, the Lucky Block price is pointing up at the oversold region of the daily stochastic, this means that the selling pressure has ended, so the currency pair is set to face the buying pressure and be stronger soon. The $0.001000 upper high mark could be the target in the coming days in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The currency pair is in a downward move in its medium-term outlook. This is because the short traders are more actively involved in the order flow. Thus, the coin price is set to face the buying pressure as the bullish pattern has just begun.
The bearish pressure on the crypto market at the $0.0000279 support value below the moving average in the previous action has retained the coin price in the bearish trend in its recent price level.
The bulls’ increase to the $0.0000298 supply value below the EMA as the 4-hour chart opens today is a result of buyers’ commitment to push the price of Lucky Block higher.
However, if buyers could prove stronger and successfully keep the LBLOCKUSD prices above the $0.0001139 previous high, this would signal a better recovery for the coin buyers.
In a like manner, the pair is set to face more buying pressure as the market is oversold already. This will actually compel the bullish pressure to resume soon and the $0.001000 key level in the upper resistance area might be reached in its medium-term time frame.
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