Lucky Block Market Expectation: LBLOCK In The Final Stages Before a Breakout

Updated:

Lucky Block Market Expectation – September 20

The Lucky Block market expectation is for a breakout from below its descending trendline. The market is now in the final stages before the buyers take the bulls by the horns.

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

Key Levels:
Zones of Supply: $0.0008360, $0.0006820
Zones of Demand: $0.0001878, $0.0005350
Lucky Block Market Expectation: LBLOCK In The Final Stages Before a BreakoutLucky Block is in its final stages before a breakout. Every necessary strategy has been put in place to ensure a certain breakout of the market. The coin has perfectly slid down alongside the trendline till it touches the $0.0005350 demand zone. A trigger from the demand level is all that is needed for the price to begin an aggressive bullish campaign.

Lucky Block Price Forecast: LBLOCK/USD Outlook

An inability of the Lucky Block market to immediately violate the $0.0008360 resistance level has forced the price to take a different route in achieving the same goal, albeit a very effective one.

Gradually, the market has adjusted to a descending trendline, which takes it all the way back down to the $0.0005350 level where it started from. The strong support level is expected to give the price a strong push.

The ATR (Average True Range) indicator shows the market is now at an all-time low volatility level. This is in preparation for a surge in the same volatility as the price tries to breakout.

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

The 1-hour chart shows that the market has dropped to the $0.0005350 demand level and has aligned itself in a sideways direction in obedience to the price level. A trigger from the support is all that is now needed for the market to dash through the trendline and begin an aggressive campaign.
Lucky Block Market Expectation: LBLOCK In The Final Stages Before a BreakoutJust as on the 4-hour chart, the candlesticks are just below the middle line of the Envelope indicator. The candlesticks of the 1-hour chart are also in a similar position. Even much more, the latest candlesticks are already climbing the middle line. This is further confirmation of the intent of the buyers to drive the price up. The first point of call after a breakout will be the $0.0006820 significant level before further upward movements.

How To Buy Lucky Block

Note: Learn2.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.