Lucky Block Market Expectation: LBLOCK Is on the Rise Again From the Support Level

Azeez Mustapha


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Lucky Block Market Expectation: September 30
The Lucky Block market expectation remains for the price to embark on a bullish drive out of consolidation. The buyers influenced the market.
LBLOCK/USD Long-Term Trend: Bullish (4-hours Chart)
Key Levels:
Zones of supply: $0.0008360, $0.0006820
Zones of Demand: $0.0001878, $0.0005060

Lucky Block is still on its bullish campaign. The price dropped to strengthen the demand level. That is being done between the $0.0005000 and $0.0004200 market zones where the price accumulates. The coin remained within the zone of influence despite dropping slightly below the $0.0004200 significant level. The market is due for a rise back above the level to press on with its bullish campaign.
Lucky Block Price Forecast: LBLOCK/USD Outlook
Lucky Block continues in consolidation around the significant levels of $0.0005000 and $0.0004200. The market retains the propensity for a bullish drive even as more buyers are set to hop on board.

Currently, it is seen that the candlesticks have slightly dropped below the $0.0004200 price level, but the market remains within the range of influence of the zone, and LBLOCK is expected to recover back to its bullish agenda.

While the MA period 20 (Moving Average) is lying above the 4-hour candlesticks as a sign of the market’s drop, the Stochastic Oscillator, having also plunged into the oversold, is due for a rise, causing a rally in the market also.
LBLOCK/USD Medium-Term Trend: Bullish (1-hour chart)
The indicators on the 1-hour chart are almost a replica of those on the long-term time frame. The Moving Average period of 20 is stretched out above the candlesticks to depict the recent drop in the market. When the price begins its recovery, its first task will be to trade above this moving average line.

Similarly, the Stochastic Oscillator lines show the market is severely oversold. These lines are expected to rise soon. This also predisposes the coin to an immediate rally back above the $0.00004200 significant level and beyond. Originally, the price was intended to rise above $0.0008360, and this remains the goal.
How To Buy Lucky Block

Note: is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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