Lucky Block Market Expectation: February 16
The Lucky Block market expectation is for the coin to shoot upward toward the $0.0001990 resistance level after an inactive period.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0001990, $0.0001880
Demand Zones: $0.0001570, $0.000142
Lucky Block is bidding its time for a price surge back toward the $0.0001990 resistance level. Currently, the market is flowing along the rising trendline. The market has adopted this strategy before and is looking to repeat it. The coin is expected to surge at the right time, which is anytime from now. The buyers are working actively in the background.
Lucky Block Price Anticipation: LBLOCK/USD Outlook
Lucky Block once took its time to recover above the rising trendline after an initial drop. This was followed by a period of seeming activity.
The inactive market continued for a while before a sudden burst in price on February 3rd. Although the coin was rejected and returned to the trendline, it will now adopt a similar pattern for another surge.
Currently, the price is flowing along the ascending trendline. This position means buyers are actively trying to win over the market. The EFI (Elders Force Index) line is oriented upward, trying to climb above the zero level.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
The sign that the market is currently undergoing a period of inactivity (despite the continuous workings of the bulls in the background to overthrow the sellers) is depicted by the placement of the MA period 14 (Moving Average) above the daily candlesticks. However, on the 4-hour chart, the candles have just risen above the MA period 14.
On the 4-hour chart, the buyers are more forceful. This is reflected by the EFI line, which has forced its way back to a positive value. Therefore, the period for the market to surge higher is drawing closer and closer. The coin will be expected to surge to the $0.0001990 resistance level.
How To Buy Lucky Block
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