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
LBLOCK/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.
The 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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