Lucky Block Market Expectation: LBLOCK Is Rising From $0.0003130 Key Level

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Lucky Block Market Expectation – October 4

The Lucky Block market expectation is for the price to keep rising higher from the significant level of $0.0003130.

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

Key Levels:
Zones of Supply: $0.0008360, $0.0006820, $0.0005000
Zones of Demand: $0.0003130, $0.0004200, $0.0001880
Lucky Block Market Expectation: LBLOCK Is Rising From $0.0003130 Key LevelLucky Block has thus far dropped to a stronger level after a rejection from the $0.0006820 resistance level, showing that the coin needs to build more upward momentum. The buyers have immediately thrown the spanner in the works and are gradually pumping the price, not too slow, not too fast, to get back to a familiar level around $0.0004200, from where it can surge upwards.

Lucky Block Price Forecast: LBLOCK/USD Outlook

After ranging for a while, the Lucky Block market decides to test its strength against the former resistance level. After the encounter, the conclusion is that the coin needs to build up more momentum.

Hence, the price returns to its former resistance level at $0.0004200, and after a while, the coin drops lower than the level to a much stronger demand level at a lower price of $0.0003130.

Not long after the coin drops to the $0.0003130 demand level, the market begins pushing upward. This leads to a sharp upturn of the Momentum line to show an increase in bullish activity.

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

The market has made a double bottom chart pattern on the 1-hour chart. The bulls can really kick off from this formation and continue pumping the price till it reaches back and bypasses its former demand level at $0.0004200.
Lucky Block Market Expectation: LBLOCK Is Rising From $0.0003130 Key LevelWhile the Momentum indicator line first shot up and is now moving sideways, the Parabolic SAR (Stop and Reverse) dots remain above the candlesticks. A switch below the candlesticks will all but confirm a bullish revival in the market. The first point of call is the $0.0004200 significant level before the price lunges further upwards.

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.