Lucky Block Value Deduction: LBLOCK Attempting an Upside Reversal

LBLOCK: 14th of September 2022

Over the last 24 hours, Lucky Block has significantly resisted the impact of sellers. Nevertheless, some strong selling caused it to obtain support at the $0.000676 price level. That said, currently, the price activity of this crypto is already making an upside reversal. And at that, this developing trend could take the price of LBLOCK significantly higher.

LBLOCK Current Value $0.000676
LBLOCK Market Cap: $2.56 million
LBLOCK Moving Supply: ——
LBLOCK Overall Supply: 3.65 billion
LBLOCK Coinmarketcap Ranking: #3701

Important Price Marks:
Top Levels: $0.000700, $0.000730, $0.000800
Bottom Levels: $0.000676, $0.000656, $0.000626

Lucky Block Value Analysis: LBLOCK Is Retracing Upwards

On the LBLOCK/USD four hour trading chart, indicators on this market are already pointing to price Reversal. It could be seen that the price is now under the middle limit of the Bollinger indicator. Meanwhile, the RSI curves have reached the oversold area, and the faster one is already bending towards the slower one. As buyers’ activity continues to grow in this market, this will eventually result in an upside reversal, and the price may break convincingly above $0.000800. The current price of Lucky Block may only be presenting buying opportunities to traders. This is because Traders can buy more at a low price to make more profit since an uptrend is looming.

Lucky Block Value Analysis: LBLOCK Upward Price Reversal Portrayed More Clearly

The hidden nature of the developing trend is revealed more clearly on the LBLOCK/USD hourly chart. It could be seen on this chart that price action has already tested the lower limit of the BB indicator. And the rule of this indicator follows that once the lower limit is touched, the price will move in the opposite direction, that in this case is upwards. Brightening this move is the display on the RSI, which shows an upside correction near the level of 50%. This is a good time to get in on this market since price is set to move in the upside.

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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