Lucky Block Market Expectation: LBLOCK Keeps Gyrating in an Upward Direction


Lucky Block Market Expectation – July 25

The Lucky Block market expectation is for the price to keep gyrating up its trendline. The price has been rising for days after setting up a bullish structure.

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

Key Levels:
Supply Zones: $0.0011780, $0.0011130, $0.0010510
Demand Zones: $0.0010050, $0.00097160, $0.0009546
Lucky Block Market Expectation: LBLOCK Keeps Gyrating in an Upward DirectionThe bulls have a firm handle on the market at the moment. A structure has been set to help the market resist bearish pressures and continue upward in spite and despite. As a result, several key levels have been bypassed. A recent event on the 22nd of July in which the market surged up shows that the buy-traders are willing to give themselves more expression.

Lucky Block Market Expectation: LBLOCK/USD Revives Bullishness

On the 22nd of July, despite the general uptrend in the market, Lucky Block is seen to surge upwards from the $0.0010050 significant level. The price spiked by more than 14%.

But that expression by the buyers was curtailed with the market returning to lay low on the uptrend line. It is expected that buyers will repeat this act to bring the coin under their control further.

The MACD (Moving Average Convergence Divergence) indicator shows the market undulating around the equilibrium. An upsurge is expected to happen soon.

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

On the 5-minute chart, it is clear that the price has pulled back to gain support from the uptrend line. As a result, the price has plunged below the $0.0010510 price line. The Parabolic SAR (Stop and Reverse) dots were initially stationed above the candles before dipping to the trendline; they are now alternating around the candles as DEFCUSD builds momentum for a push-up.
Lucky Block Market Expectation: LBLOCK Keeps Gyrating in an Upward Direction The MACD indicator portrays a potential upward-trending market. However, there is a slight disturbance after a candle drops below the trend line before recovering above it. The MACD lines have crossed each other upwards, and we can expect to see momentum in an upward direction. After the buyers set themselves back into gear, they will fancy riding to $0.0011780.

You can purchase Lucky Block here. Buy LBLOCK

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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.