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Lucky Block Market Prediction – April 16
The Lucky Block market prediction is for an imminent uprising as the price touches down at the $0.00246460 key support level.
LBLOCK/USD Long-Term Trend: Bullish (30-Minute Chart)
Key Levels:
Supply Zones: $0.00378260, $0.00324440, $0.00272320
Demand Zones: $0.00272320, $0.00246460, $0.00222220
LBLOCK/USD is currently anticipating an imminent uprising as it drops lower. The market’s downward slide is an opportunity to accommodate more buy traders are low price levels. There is a good chance that the market’s uprising will begin from its current support level at $0.00246460 or a more substantial confluence level just below the current level.
Lucky Block Market Prediction: LBLOCK/USD Is Gathering Momentum for an Uprising
In a bid for the market to return under their dominance, the buy-traders have stopped directly pushing against the $0.00304100 resistance zone.
Instead, the bulls have allowed a drop in the price to accommodate more market investors. The lower the price, the more buy-traders are added, and the greater the probability of an imminent uprising.
The market failed to rally at $0.00272320 and has dropped to $0.00246460, where bulls anticipate a price rise. A predominantly bearish MACD (Moving Average Convergence Divergence) chart shows reducing bearish momentum as its line gyrates closer to the zero level from below.
LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)
The 5-minute chart shows that the price has been bouncing on the $0.00246460 significant support level. However, the squeeze of the Bollinger Band around the candles speaks of the current silent nature of the market. This is the same situation on the 30-minute chart.
There is a more positive outlook for the bulls on the MACD chart. Its lines have shifted from predominantly bearish to fluctuating around the zero level. If the market fails to drive up from this level, it will drop to a more substantial level below, at $0.00222220, which contains a bullish confluence. Whenever the market rises, it will aim to break the $0.00304100 resistance level.
Source: https://learn2.trade
