Lucky Block Market Expectation: LBLOCK Is Set to Break a Major Resistance Level

Updated:

Lucky Block Market Expectation – July 15

The Lucky Block market expectation is for the price to grow upward beyond the $0.00086860 major resistance level. The price level has been known to resist the market flow, either upward or downward.


LBLOCK/USD Long-Term Trend: Bullish (30-Minute Chart)

Key Levels:
Supply Zones: $0.00095460, $0.00086860
Demand Zones: $0.00078000, $0.00081040
Lucky Block Market Expectation: Lblock Is Set to Break a Major Resistance LevelLucky Block has successfully turned a depressing market into a bullish one. Next is for the price to flow through its various key levels. Lblock has grown to reach a significant price level at $0.00086860. Whatever happens in this zone will determine if the buyers can sustain their momentum, but indications show a very motivated bull market.


Lucky Block Market Expectation: LBLOCK/USD Revives Bullishness

The flow by which the market slid down to the $0.00078000 reversal level is quite different from how the coin is climbing upwards. The market uptrend is more coarse, characterized by consistent pullbacks and breakouts.

The movement has helped LBLOCK/USD violate all the key levels encountered so far. Now the coin has reached a notorious zone at $0.00086860. A successful breach of this zone will drive the price high.

Lblock is executing its signature pullback and breakout strategy. It has retraced a bit and is now driving towards the price level. The upper Bollinger Band is an extra layer of resistance; when broken, $0.00086860 will also be broken.


LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)

The 5-minute chart shows that the market is continually testing the $0.00086860 significant level to find spots of weakness. The price will likely continue in a sideways motion if no weak spots are located. However, the market is drawing strength for upward movement from the middle line of the Bollinger Band.
Lucky Block Market Expectation: Lblock Is Set to Break a Major Resistance LevelThere are multiple crosses by the MA (Moving Average) Cross as the price keeps testing the resistance level, just like on the 30-minute chart. A cross closer to the resistance line will confirm an entry for a buy on LBLOCK. Once the market violates this resistance level, it will be strengthened to push through toward $0.00095460.

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.