Lucky Block Market Anticipation: LBLOCK/USD Conforms to a Bullish Flag Formation

Updated:

Lucky Block Market Anticipation – February 22

Lucky Block market anticipation is for the coin to follow the trend of its bullish flag formation, which is expected to result in a substantial market surge.


LBLOCK/USD Long-Term Trend: Bullish (30-Minute Chart)

Key Levels:
Supply Zones: $0.00973954, $0.01500000
Demand Zones: $0.00873850, $0.00522780
Lucky Block Market Anticipation: LBLOCK/USD Conforms to a Bullish Flag Formation The Lucky Block is forming a bullish flag formation, indicating that bulls are preparing to launch an assault on higher price levels. Buyers have grown a bit weary due to the incredible rise in market prices over the past month. Therefore, they have to shake off rustiness and desire to dominate the market again. The bullish flag formation is the perfect response whereby bulls can gather momentum to continue the price rise.


Lucky Block Price Prediction: What to Expect From LBLOCK/USD?

The $0.00973950 became the coin’s all-time high on the 17th of February 2022, after the previous high at $0.007462620 was surpassed the previous day. However, the buyers lost some potency on achieving a new high, and the price was trapped below the level.

After that, the coin experienced further drops under the influence of market forces. Nevertheless, after falling through to the $0.00522780 significant support level, the market is not forging into a bullish flag pattern, which is to cause a bullish resurgence in the market.

In the flag formation, after dropping to $0.00457480, a spike towards the upper border of the flag can be seen. There is also a surge of the Relative Strength Index, and the Parabolic Stop and Reverse now has a dot below the 30-min candle as price tries to break upward.


LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)

On the 5-minute chart, the current upsurge in price is evident as the price is set to go bullish from the flag formation. A pullback from below the border has helped the coin breach the upper frame. The Parabolic SAR has aligned many dots below to confirm the current uptrend.
Lucky Block Market Anticipation: LBLOCK/USD Conforms to a Bullish Flag Formation The Relative Strength Index has risen sharply from the oversold region and is approaching the overbought territory. As the market breaks out of the bullish flag, its next price target will be to regain the all-time high at $0.00973950.

How To Buy Lucky Block

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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.