Lucky Block Market Expectation: LBLOCK Buyers Step up the Gear for a Bullish Drive

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Lucky Block Market Expectation: October 24

The Lucky Block market expectation is for the coin to pump as the buyers begin to step up the gear in preparation for the bullish drive.

LBLOCK/USD Long-Term Trend: Bullish (4-Hour Chart)

Key Levels:
Zones of supply: $0.0002980, $0.0004200, $0.0005000
Zones of Demand: $0.0002060, $0.0001880, $0.0000880

Lucky Block Market Expectation: LBLOCK Buyers Step up the Gear for a Bullish Drive

Lucky Block bulls are stepping up their plan to drive the market higher from its rising trendline. There are now indications that the coin is set to push up. A bullish candlestick formation is evident in this regard. When the coin shoots up, its target is at $0.0002980, but it is likely to first take a breather above the $0.0002040 significant level before rising towards $0.0002980.

Lucky Block Price Anticipation: LBLOCK/USD Outlook

The Lucky Block market has come thus far. There has been much rise and fall in the price, but the market is gradually being orchestrated in favor of the bulls. This is evident with the rising trendline and the limit level above the market.

Therefore, the price is seen to rise higher to test the resistance level before dropping back to the rising trendline, and the process continues. The market makes a higher low each time it drops to the trendline.

The Parabolic SAR (Stop and Reverse) dots remain above the daily candles in response to the latest drop in the price and the rising trendline.

LBLOCK/USD Medium-Term Trend: Bullish (1-hour chart)

The MACD (Moving Average Convergence Divergence) is moving in a wavy manner around the zero level. The lines have plunged below the zero line currently due to the drop in price and the rising trendline. When it rises again, the line will rise above the zero level for another cycle. On the 4-hour chart, the lines are already rising, accompanied by bullish histogram bars.

Lucky Block Market Expectation: LBLOCK Buyers Step up the Gear for a Bullish Drive

The alternation of the Parabolic SAR (Stop and Reverse) dots around the price is much more frequent on the 4-hour chart, this is chiefly due to the attempt the buyers are now making to heave the coin upwards. When this happens, the dots will eventually line up below the candlesticks. The first goal will be to climb above $0.0002040 and push up to the $0.0002980 resistance from there.

How To Buy Lucky Block

NoteLearn2.trade 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.