Lucky Block Market Expectation: LBLOCK Pushes up With Fresh Bullish Impetus

Updated:

Lucky Block Market Expectation – July 29

The Lucky Block market expectation is for the price to shake off the bearish pressure and rally upward with a fresh bullish impetus.

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, $0.00095460
Lucky Block Market Expectation: LBLOCK Pushes up With Fresh Bullish ImpetusThe attempt of the Lucky Block to reinstate itself above its uptrend line was futile after it failed to trade to the upside of the line. This led to a drop back to the $0.0010050 critical level, where the bulls have recharged themselves. The coin is now surging upwards with fresh bullish impetus. The first challenge will be to bypass the $0.0010510 critical level, followed by the $0.0010510 resistance.


Lucky Block Market Expectation: LBLOCK/USD Revives Bullishness

Since the price unsuccessfully attempted to break through the $0.0011780 resistance on the 22nd of July, the price has been more or less caught in a sideways movement.

The $0.0011130 price level is acting as resistance to limit the price uptrend, while the market is also receiving support at the $0.0009716 demand zone. However, the coin was held at $0.0010050 at its last drop.

Nevertheless, LBLOCK has been infused with a fresh bullish impulse by which the market is rising. The Relative Strength Index line has surged from above the oversold region into the overbought level.


LBLOCK/USD Medium-Term Trend: Bullish (15-minute chart)

The 15-minute is similar to that of the 30-minute chart. The MA cross has crossed upward due to the upsurge in prices. Lucky Block will now try to negotiate its first limit at the $0.0010510 resistance level.
Lucky Block Market Expectation: LBLOCK Pushes up With Fresh Bullish ImpetusThe Relative Strength Index has also surged from around 30 to more than 90, bringing the market into an overbought status. A retracement might precede a further upsurge in the market. Buyers will bet on reaching and breaking the $0.0011130 mark.

You can purchase Lucky Block here. Buy LBLOCK

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.