Lucky Block Price Prediction – September 8
The LBLOCKUSD price has set the base for the next bullish move and maintained its recovery rally under the influence of the new rising trend line. The crypto may likely increase to the upside if all the support level holds and the bulls should put more aggression to their activities, the coin price may rally up to a $0.001000 upper high level and beyond, leading to a golden opportunity for buyers.
Levels:
Resistance levels: $0.001000, $0.001100, $0.001200
Support levels: $0.000705, $0.000605, $0.000505
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The LBLOCKUSD pair indicates a downward trend with a bearish sentiment in its long-term perspective. This is due to the inflows from the short traders in the market which will soon be hibernated as the bulls are now set for the next bullish move.
The sustained bearish pressure at the $0.0000899 support value during yesterday’s session has made the crypto price drop below the supply levels in its recent price level.
The bulls are trying hard not to fall again as the market value of the coin jumps to a $0.0000958 high value below the two EMAs as a pullback shortly after the commencement of the daily session today.
Thus, a sharp breakout and closure above the $0.0003429 correction phase will invalidate any bearish thesis and stabilize the new recovery pattern.
Noted here, the daily stochastic indicates an uptrend, hence, there is a tendency for the Lucky Block price to rise further if the current support level at $0.0000899 holds, this will enable buyers to take the coin price up to a high of $0.001000 level soon in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
Lucky Block is in a bearish momentum in its medium-term view. The trend has just resumed its rising pattern and is set for the next bullish move.
The bears’ pressure to a $0.000899 support level in the previous action has made the coin price remain below the supply levels in its recent high.
The bulls could not relent anyway, so, the price movement increased to a $0.000958 high level below the moving averages shortly after today’s 4-hourly session opening, indicating the return of the buy traders to move the market price of LBLOCKUSD further up.
Hence, a potential upswing would get better confirmation of a bullish recovery, if buyers could break above the August 17th high of $0.0001602 level. This will signal a strong buy for interested traders.
However, the bulls are now set to take the pair to a psychologically key level on the upside as the day goes by in its medium-term time frame as indicated by the daily stochastic which is pointing upwards. $0.001000 supply level might be the target.
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