Lucky Block Price Forecast – August 5
The Lucky Block price forecast is for the market to spark an immediate recovery after it experiences a slip-up below $0.00078000.
LBLOCK/USD Long-Term Trend: Bullish (30-Minute Chart)
Supply Zones: $0.00083930, $0.00089540, $0.00111300
Demand Zones: $0.00076050, $0.00078000, $0.0007996
Lucky Block Price Forecast: LBLOCK/USD Revives Bullishness
The market has seen DEFCUSD embark on a strong uptrend in recent times. The market uptrend peaked on the 22nd of July when the bulls barged into the $0.00111300 resistance, but they were firmly rejected.
The buyers remained persistent, and with the $0.00097160 critical level acting as support, they kept testing the resistance level at $0.00111300. This continued until early August when the market slid down to gain more momentum.
The sellers have now taken advantage of the market to plunge it below the targeted support. But this is even to the advantage of the bulls, who can now drive upward aggressively from $0.00064310.
LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)
The 30-min chart shows that the market is trading well below the EMA period 100 (Exponential Moving Average), the same as the 5-minute chart. This means the market has the added task of breaking through the EMA period 100 as it begins to ascend.
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