Lucky Block (LBLOCK/USD) Market Signals Bullish Momentum With Key Resistance Targets
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Lucky Block Price Forecast – September 2
The LBLOCK/USD market signals bullish momentum with key resistance targets at $0.00002490 and $0.00003290. The recent liquidity grab below the previous low at $0.0001160 is likely to cause a massive rally into the premium zone.
Several bullish indicators on the LBLOCK/USD chart point to a possible upward movement. With the MACD line crossing above the signal line and showing a positive crossover, the Moving Average Convergence Divergence (MACD) is currently showing a shift towards bullish momentum. Furthermore, the classic bullish signal of an upward cross of the short-term moving averages (9 and 21 periods) indicates that buyers are taking control of the market.
LBLOCK/USD Market Key Levels:
Resistance levels: $0.00002490, $0.00003290, $0.00003940
Support levels: $0.00001630, $0.00001400, $0.00000930.
LBLOCK/USD – Daily Chart
The daily chart for LBLOCK/USD shows that the market is set to invalidate the key resistance in the premium zone.
Since mid-June, the price action on the chart has shown a sequence of higher lows, suggesting a phase of gradual accumulation. The $0.00001910 mark, which was previously serving as a formidable barrier, was recently broken above.
The trend reversal is confirmed by this breakout in addition to the most recent bullish structure change (CHoCH). After testing this level as support, the price has moved higher and is currently testing the $0.00002100 level.
What is expected of LBLOCK/USD in the coming days?
The forecast is bullish going forward, with the price probably aiming for $0.00003290, the next resistance level. Given the substantial momentum and the obvious upward trajectory, this level denotes a significant potential upward move. In the medium run, we might witness LBLOCK/USD moving closer to $0.00003940 if the present bullish momentum holds.
LBLOCK/USD – Four-Hour Chart
Following a recent rejection near $0.00002100, LBLOCK/USD is currently retracing towards a significant support level at $0.00001400. The MACD indicates waning bullish momentum, pointing to potential for more decline. A bullish reversal with a target of $0.00002490 could be initiated by a bounce off the $0.00001400 support.
Lucky Block (LBLOCK) Current Statistics
The current price: $0.00001960
Market Capitalization: $1,460,000
Trading Volume: $43.80
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