Lucky Block Prepares for an Upside Correction

LBLOCK: August 23rd

LBLOCK has faced significant selling pressure, and this has impacted the price of this crypto. Nevertheless, traders who are familiar with the Lucky Block market will know that trading chances have just been created. The downward correction has only allowed traders to buy the dip and rake in profit later. Therefore buying into this market promptly will soon prove to be lucrative.

Value of Lucky Block Now: $0.001977
Lucky Blocks Market Capitalization: $7.2 million
Lucky Blocks Moving Supply: ——
Lucky Blocks Entirel Supply: 3.7 billion
Lucky Block’s Rank on Coinmarketcap: #3280

Important Value Level:
Resistance Level: $0.002030, $0.002070, $0.002100
Support Level: $0.002015, $0.002000, $0.001977

LBLOCK Price Analysis: Lucky Block Prepares to Rebound to the Upside

On the LBLOCK/USD 4-hours price chart, price action has arrived at the lower band of the Bollinger band. And, currently, Lucky Block is preparing to rebound upwards. Further signs of a price upward bounce are already manifesting on the Stochastic RSI indicator. Furthermore, the curve of the aforementioned indicator has already gotten to the oversold area. Additionally, we can see that these lines stay close to each other. Such a display implies that the buyers are already making attempts to deliver some upside thrust to price action. By the time a correction occurs, Lucky Block Price may reach as high as $0.002390 and perhaps beyond.

LBLOCK Value Analysis: Upside Correction Commences

The LBLOCK/USD Hourly chart reveals that the much-anticipated reversal may have already begun. On this chart, we can see that there was a quick rebound in the price action of the Bollinger Indicator. However, selling forces acted on this correction but weren’t strong enough to initiate further downward correction. It can be seen that the last candle here has already pushed the lower Bollinger band line. Subsequently, it can be expected that an uptrend will continue from here as a rebound mak occur. This will cause the SRSI curves to continue their journey into the overbought area. This is a good time to buy

Lucky Block (LBLOCK V2): Gate.io listing has been set to be done on 25th August.

You can purchase Lucky Block here. Buy LBLOCK

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