Lucky Block Price Prediction- February 25
LBLOCKUSD price will go up and move higher above the current resistance level if buyers should triple their efforts to forecast a bullish increase in the market above the $0.0002071 resistance level, $0.02000 upper high level may be retested.
Levels:
Resistance levels: $0.0001700, $0.0001800, $0.0001900
Support levels: $0.0001600, $0.0001500, $0.0001400
LBLOCKUSD Long-term Trend: Bullish (4H Chart)
LBLOCKUSD price seems to have pullback a little but the overall trend is still bullish. As a result of price rejection at this level, there was an immediate reversal. During yesterday’s session, buyers pushed the price higher to the $0.0001704 resistance level and sustained it.
Today, the price is making higher highs and higher lows. However, presently the coin trades at the $0.0001628 resistance value slightly above the EMA-50; this implies a gradual weakness in the strength of the sell traders while buyers are becoming more active.
Hence, new entries by the buy traders toward the higher side are likely as indicated by the momentum indicator pointing upward. The bulls could therefore aim at the psychological $0.02000 level in the upper resistance area in the days ahead in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bullish (1H Chart)
Despite the interference of short-term traders in the price flow, the medium-term time frame market shows a bullish race. The price of LBLOCKUSD can now be seen progressing upward above the moving averages. This indicates that buyers are currently gaining more strength in the market.
In the previous session, the price closed at the $0.0001551 support level below the two EMAs, but additional buying pressure pushed the price above the critical level of $0.0001627 resistance value above the moving averages shortly after the 1-hourly chart opens today.
This will however give the buy traders the tendency to further ladder up the trend. To push the price above the supply zone more buyers’ participation is a prerequisite.
However, there is a possibility of more upsides as shown by the daily stochastic pointing up; it is expected of the long traders to continue with the bullish race to a significant level and break above the $0.0001749 to reach $0.02000 upper resistance level in the medium-term time frame as we watch the market turns bullish.
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