Lucky Block Price Prediction- July 4
After a series of both bullish and bearish movements, Lucky Block is set to move upsides. The pair may likely commence an upward move soon if the current support level at $0.0008810 holds.
Resistance levels: $0.009542, $0.0009452, $0.0009462
Support levels: $0.0008810, $0.0008800, $0.0008790
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
LBlockUSD is in a bearish trend zone on the higher time frame. The pair can be seen below the moving averages at the $0.0008810 resistance level as the 4-hourly chart opens today, this means that the bulls are coming into the market gradually to take over the market.
However, the market value of Lucky Block is now up at $0.0008858 high-level as the journey to the north continues.
The momentum indicator pointing up at around level 23% in the oversold region shows that the selling pressure of LBLOCKUSD has reached bearish exhaustion. This will compel the buyers to resume soon and take the price of Lucky Block up to a significant level of $0.0009542 soon in the coming days in its long-term view.
LBLOCKUSD Medium-term Trend (1H): BearishThe currency pair is trading in the bullish trend zone in its medium-term outlook. LBLOCKUSD market value at $0.0008810 high level below the moving averages as the 1-hourly chart opens today affirms the presence of bulls coming into the market in a grand style.
However, the momentum indicator pointing upward in the market at around level 42% in the oversold region suggests that the bulls are set to take the price action up to a significant level of $0.0009542 and beyond as we expect the traders to turn to the bullish market soon in the medium-term view.
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