Lucky Block Market Expectation: LBLOCK Retracement Is for a Push-up

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Lucky Block Market Expectation – July 26

The Lucky Block market expectation is for the bulls to exert themselves in the market after they drop a step lower to garner strength for an upsurge.

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

Key Levels:
Supply Zones: $0.0010050, $0.0010510, $0.0011130
Demand Zones: $0.00093270, $0.00095460, $0.00097160
LBLOCK/USD is exploring another way to increase its market influence. The bulls forcefully attempted to drive the price up on the 22nd of July. This didn’t work out as the price recoiled back to the trendline. The buyers have now dropped below the same trend line to gain a more decisive influence over the market using a countermeasure. LBLOCK is expected to surge from this level.

Lucky Block Market Expectation: LBLOCK/USD Revives Bullishness

The market has been gliding upwards, utilizing a trendline. However, the buyers are agitating to wield more control over the market. This is highlighted by how the market surged on the 22nd of July.

However, the bulls were not able to sustain the increase in momentum. Hence the price impulse reduced back to the trendline. Market buyers are now changing their approach by sliding below the trendline to allow for more buy entries.

As a result of the price drop, the MACD (Moving Average Convergence Divergence) lines are operating below zero level. The 30-minute candles have more Parabolic SAR (Stop and Reverse) dots above than below.

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

On the 5-minute chart, the price has formed another baseline, although it is not expected to last for too long before it pushes back upwards. Therefore, the market is currently moving in a sideways motion. The Parabolic SAR (Stop and Reverse) dots alternate around the 5-minute candle sticks.
Buyers patiently wait for the right time to strike back as they accumulate momentum with a sideways movement on a new trend line. The MACD lines are predominantly below the zero level. When the price rallies, it is expected to break the $0.0010050 resistance and climb back above the former trendline before it surges further upward.

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