Lucky Block Market Expectation: LBLOCK Resets to Build From a Lower Demand Zone

Lucky Block Market Expectation – July 11

The Lucky Block market expectation is for the coin to rebuild its bullish tenacity from a lower demand level of $0.00083930, which has less pressure from the bears.

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

Key Levels:
Supply Zones: $0.00086860, $0.00095460
Demand Zones: $0.00081040, $0.00083930
LBLOCK/USD has thus far failed to breach the $0.00095460 supply level, and as a result, weakness has been gradually introduced into the market. The result is that the market slips down a trendline, bypassing several key levels. The coin has now touched down at $0.00083930, where the bulls are expected to regain strength to restart their pursuit.

Lucky Block Market Expectation: LBLOCK/USD Restarts Its Pursuit

As of July 6th, the market’s trend was upward. However, the uptrend was not smooth as sellers threatened to hijack the price at different intervals, notably on the 6th of July.

All through the uptrend, the MA period 50 (Moving Average) acted more as support for LBLOCK, helping it recover from the sellers’ drawdowns. At $0.00095460, the price meets an impenetrable resistance.

After unsuccessful attempts to break $0.00095460, the market weakened, and a new downward path was created for the market. The MA period 50 is found to limit the candles from the top.

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

The price follows the downward trend, with the MA period 50 acting as resistance on the 30 and 5-minute charts. The market has now touched down to the $0.00083930 significant level. In this zone, the buyers can comfortably restart their bullish endeavours. Lblock will first have to trade to the upside of the Moving Average.
The movement of the Stochastic Oscillator lines is very volatile, but it keeps making higher lows. This suggests that bulls are making gradual progress in regaining the market. The first task of the price is to trade to the upside of the MA period 50, then break its direct supply line at $0.00086860 to reach higher price levels.

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.