Tailwind Returns to LBLOCK Market

Price action in the LBLOCK market has witnessed some downward forces. However, from the look of things, it as if these downward forces are out, while Tailwind has now seized control of price action. Consequently, we may witness some significant upward price moves in this market henceforth.

LBLOCK: November 10th, 2022
LBLOCK’s Value: $0.0001651
Market Capitalization for Lucky Block: $0.72 million
LBLOCK Flowing Supply: —–
Total Supply of LBLOCK: 3.65 billion
Lucky Block Coinmarketcap Rank: #3578

Key Price Marks:
Ceiling Levels: $0.0001651, $0.0001681, $0.0001711
Base Levels: $0.0001621, $0.0001581, $0.0001551

Lucky Block Price Prediction: LBLOCK Appears to Be at the Beginning of a Significant Upside Move

As expected, price activity in the LBLOCK/USD, market has regained significant strength. This is happening after what seems to be an exit of downward Forces. On the 4hour market chart, we can see the appearance of two bullish price candlesticks, the first one was smaller, while the subsequent one was much larger. Furthermore, this appears to portray the entry of tailwind to the Lucky Block market. Coming to the Stochastic Indicator it could be seen that a bullish crossover has been performed deep in the oversold region. Additionally, the direction of these lines following the crossover indicates a build-up of upside momentum.

Lucky Block Price Prediction: LBLOCK Upside Move Strengthens

Now on the 1- hour chart, we can see, that price action is progressing strongly towards resistance levels. At this point, the latest price candle is now touching the 9-days Exponential Moving Average curve. And, with this ongoing session already under the control of the bulls, Lucky Block’s price may move above the 9 EMA curve. Eventually, this will supply more strength to price movement in this market. Furthermore, the RSI is now strongly portraying a gain in bullish momentum, as its lines are now significantly above the 60% level. Going by all these signs, we can say that price action in the LBLOCK market may soon reach above the $0.0001750 price level. Traders should see this as a buying opportunity.

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