Lucky Block Price Prediction – August 5
Lucky Block‘s upward move will increase as the coin is facing an increase in buying pressure. Crypto is growing again and making its way toward the overhead resistance trend levels at the moment. Crypto price is likely to grow further and is an opportunity for long investors. If the current support at $0.0000997 value holds, and closes above the $0.0003429 resistance level, then there is a high probability of the price increasing to the$0. 001000 upper resistance levels result in an intraday gain for coin buyers.
Levels:
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0000800, $0.0000700, $0.0000600
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The momentum is bearish due to a high inflow from the sell traders. The price of Lucky Block can be sighted slightly below the two EMAs which indicates a bearish trend.
Short traders’ action to the $0.000997 support value during yesterday’s session has made Lucky Block’s price remain below the supply levels in recent times.
The coin price at a $0.0001075 high value below the two moving averages is an indication that bulls are returning gradually for an increase in the coin price and to command the LBLOCKUSD’s price actions.
Thus, the coin price will grow further if the buy traders could add more pressure to their buying actions in the market. Should bulls add more pressure to their actions a breakout above $0.0003429 is possible soon.
Further, the daily stochastic indicates an uptrend, in this case, the price of Lucky Block might continue its bullish trend pattern and the price could increase further to reach the $0.001000 upper resistance mark sooner in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
Despite the interference from sellers, the momentum on the medium time frame (4H) is bullish. Price is trading above the supply trend lines again. This however confirms the presence of more bulls’ impact on the coin.
The bulls’ pressure to the $0.0001038 resistance value in the past few hours has sustained the crypto price above the supply trend levels in its recent high.
An increase to a $0.0001075 supply value above the two EMAs which are glued together suggests the returns of buy traders. The market participants are responding to this pattern, and its breakout should offer a good entry opportunity.
Notably, further upsides are likely as the price signal is pointing upwards, this means that the upward rally will still continue and may likely break up the $0.0001478 previous resistance value and this may increase the price of Lucky Block to the $0.001000 supply value soon in the medium-term time frame.
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