Lucky Block Market Expectation: LBLOCK Reaches Final Phase for Breakout

Lucky Block Market Expectation: March 6

The Lucky Block market expectation is for an imminent breakout as the market reaches the last phase of consolidation.

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 in the last phase of its bullish structure before it breaks out and embarks on a rising spree. The support level has been crucial in keeping the triangle structure in shape. All indicators are pointing to the fact that traders should be on the alert for a massive break in the LBLOCK market, which has been consolidating as such since the end of last year.

Lucky Block Price Expectation: LBLOCK/USD Outlook

Lucky Block has been tapering through a triangle structure due to the strategy of the buyers in overrunning the bears. Hence, from late last year into this month, the price has been consolidating.

The $0.0001420 support level has been very crucial to the structure’s formation. It has managed to contain the pressure from the downward press and keep the market in shape.

A breakout is now more imminent than ever as the coin reaches its last phase. The candles are pushing against the middle line of the Envelope, trading above it will mean a breakout from below the upper triangle border.

LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)

Already on the 4-hour chart, the candlesticks are haggling the middle line of the Envelope indicator and have slightly risen above it. The MACD (Moving Average Convergence Divergence) lines on the daily chart are currently sliding laterally below the zero level with miniature bearish histogram bars accompanying them.

Meanwhile, on the 4-hour chart, the MACD lines have crossed upward as the market once again approaches the upper border of the triangle. The slightest trigger will set the market off on an upward spree that will eventually break out of the bullish structure and aim for the $0.0002980 resistance level.

How To Buy Lucky Block

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