Lucky Block Market Anticipation: LBLOCK/USD Seeks Bullish Order Blocks Within Major Zones

Updated:

Lucky Block Market Anticipation: May 5

The Lucky Block market anticipation remains unyielding to the bears. The initial breakout on the 2nd is still uncompromised as the bulls are unwilling to let go.


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

Key Levels:
Supply Zones: $0.0018000, $0.0017220
Demand Zones: $0.0015740, $0.0012820
Lucky Block Market Anticipation: LBLOCK/USD Seeks Bullish Order Blocks Within Major ZonesLBLOCK/USD bulls have shown a great magnitude of strength since the beginning of the month. There was a successful reversal from the bearish trend to the current bullish trend in the market.


Lucky Block Market Anticipation: LBLOCK/USD Expectation

On the third of May, the Average Directional Index revealed that the bullish trend exhibited so much energy in pushing up. The retracement from the impulsive move by the bulls was less energetic as the Average Directional Index slumped from 80 to 20.

LBlock has found it difficult to fall beyond $0.0015740. The void formed due to the rapid rise in price between $0.0017220 and $0.0015740 which has been filled up.

The retracement of the bullish trend has not sized up as the bullish order block lurks below 0.0015740.


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

LBlock is currently testing the first bullish order block to aim for the resistance zone at $0.001800. Multiple bullish order blocks are resting below the current order block on the 5-minute chart.
Lucky Block Market Anticipation: LBLOCK/USD Seeks Bullish Order Blocks Within Major ZonesThe Bollinger Band is showing the sloppy correction from the resistance zone at $0.001800. The candles gently gyrate between the bands as the market dips towards the bullish order blocks. The lower order blocks are expected to facilitate the bullish momentum to attack the resistance level at $0.0017220 first

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.