Lucky Block Price Prediction – May 20

Is Lucky Block about to make a bullish reversal?

It seems that Lucky Block price is on the verge of experiencing a bullish reversal as the selling pressure appears to have tapered off. This indicates that the pair may be gearing up for an upward movement after hitting new lows. If the buy traders manage to maintain the coin prices above the $0.000074 high value, there is a possibility of a retest of the previous high at the $0.0000940 level in the near future. Sustaining this critical level could potentially pave the way for Lucky Block to aim for a more ambitious resistance at the $0.0001200 upper high level.

Key Price Levels:

Resistance levels: $0.0000500, $0.0000600, $0.0000700

Support levels: $0.0000200, $0.0000150, $0.0000100

Long-term Trend Analysis:

Lucky Block is currently in a bearish market zone according to the daily chart. However, this trend is expected to reverse soon as the market has become oversold. The coin price has dipped below supply levels recently, particularly around the $0.0000292 support level during the last trading session. With the price dropping to a low of $0.0000284 below the EMA-50, it is evident that there is a lack of bullish momentum. Nevertheless, traders who choose to buy the coin in this bearish market may still profit in the long run.

Medium-term Trend Analysis:

On the 4-hour chart, Lucky Block is currently on a downward trajectory in its medium-term outlook. Short traders are dominating the order flow, leading the coin price to fall to the $0.0000292 support level towards the end of the previous session. Further decline brought the price down to $0.0000284, below the EMA-50, as the chart resets for the new day. If the bulls manage to surpass the $0.0000450 resistance level, there is potential for additional gains for buyers. The market is currently trading below the 20% range of the daily stochastic, signaling a possible end to the selling pressure and a forthcoming rally that could propel prices towards the $0.0001200 upper resistance level in the medium-term perspective.

How will this affect me?

If you are a Lucky Block investor, the projected bullish reversal in the coin’s price could result in potential gains for you. Keeping an eye on the key resistance and support levels mentioned in the analysis can help you make informed decisions about your investment strategy.

How will this impact the world?

As Lucky Block’s price embarks on a potential upward trajectory, it may attract more attention from investors and traders in the cryptocurrency market. This increased interest can contribute to higher trading volumes and overall market activity, ultimately influencing the broader dynamics of the crypto space.

Conclusion:

With Lucky Block showing signs of a bullish reversal on both the daily and 4-hour charts, there is optimism for a potential uptrend in the coin’s price. Traders and investors should closely monitor the key resistance and support levels to capitalize on the predicted market movements. As the market sentiment shifts towards a more positive outlook, Lucky Block’s price may experience significant growth in the near future.