Lucky Block Market Expectation: LBLOCK Is Poised to Rally From a Major Demand Level

Azeez Mustapha


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Lucky Block Market Expectation – September 19

The Lucky Block market expectation is for the price to kick start a rally after having dropped to a major demand level at $0.0005350.

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

Key Levels:
Zones of supply: $0.0009850, $0.0008360
Zones of Demand: $0.0006820, $0.0005350
Lucky Block Market Expectation: LBLOCK Is Poised to Rally From a Major Demand LevelLucky Block  is poised to begin a rally after touching down at a major demand zone at $0.0005350. Buyers have been working to overturn the market. The first rally, which began at the same $0.0005350 level, violated the immediate resistance level but fell short at the next resistance level of $0.0008360. From there, the price slips down back to the major $0.0005350 demand zone. However, there is a high expectation that the price will rally again.

Lucky Block Price Forecast: LBLOCK/USD Outlook

The Lucky Block market formulated into an ascending triangle pattern to violate the $0.0006820 resistance. An immediate attempt to surge further and break the next resistance level was met with a firm rejection.

From there, the strength of the bulls waned and the price dropped to $0.0006820 (now as support). An inability to quickly get its impetus back led the market to a further dip below this level.

The good news, however, is that LBLOCK has dropped to a major rally point for buyers at $0.0005350. The EFI (Elders Force Index) power line has immediately taken a sharp upward turn. There are high expectations for a rally.

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

The 1-hour chart shows that the price is set to climb out above the descending trendline as the buyers are becoming revitalized. In doing this, however, the market has the additional task of trading to the upside of the MA period 24 (Moving Average). Completing this successfully will set the coin on a bullish path once again.
Lucky Block Market Expectation: LBLOCK Is Poised to Rally From a Major Demand LevelThe EFI power line on the 1-hour chart agrees with the 4-hour chart, having taken a sharp upward turn, though still at a negative value. The ability of the coin to break all barriers to rise as high as $0.0008360 will lead to a double-bottom bullish formation, which means higher price movement.

How To Buy Lucky Block

Note: 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.

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