Lucky Block Market Expectation: LBLOCK Is Being Recharged in a Critical Zone

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Azeez Mustapha

Updated: 13 October 2022

Lucky Block Market Expectation – September 26

The Lucky Block market expectation is for the coin to fully regain its bullish confidence after being recharged at the current critical zone.

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

Key Levels:
Supply Zones: $0.0044740, $0.0035040
Demand Zones: $0.0026630, $0.0028780
Lucky Block is still seeking to gather momentum. Having dropped to a major level from last week, the price is now in a bullish recharge critical zone, located just between the significance levels of $0.0005000 and $0.0004200. This zone is very certain to energize the buyers to launch an assault on the market and bypass previously impervious resistance levels.

Lucky Block Price Forecast: LBLOCK/USD Outlook

After failing at the first trial to bypass the $0.0008360 significant resistance, the price has been in search of building up its momentum to get back to the resistance level.

This has made the market drop lower for recharge zones, which Lucky Block has finally found just between the $0.0005000 price level and the $0.0004200 level. Bullish forces are already working on the coin.

Obviously, the drop in the market made the EFI (Elders Force Index) power line drop to a negative value. However, a sharp upturn towards the zero level shows something bullish is cooking.

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

A major confirmation that is being awaited is the switch of many Parabolic SAR (Stop and Reverse) dots to the downside of the 4-hour candlesticks. This will all but confirm the newfound upward drive the market is building. This is more plausible on the 1-hour chart first before repeating itself on the 4-hour chart.
As for the EFI line on the 1-hour chart, it has risen to an equilibrium level, which is the zero level. The buyers are still strong enough to pull the value to a completely positive one, and they are doing that as they are being recharged. A breakout session is therefore anticipated that will drive the price to and past the $0.0008360 significant level.

How To Buy Lucky Block

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