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Lucky Block Market Expectation – September 28
The Lucky Block market expectation is for the coin to drive upward. However, the market may experience a brief period of consolidation before an upsurge.
LBLOCK/USD Long-Term Trend: Bullish (4-hours Chart)
Key Levels:
Zones of supply: $0.0008360, $0.0006820
Zones of Demand: $0.0001878, $0.0005060
Lucky Block has been down-trending for a while and is on the verge of a reversal. The market is preparing for a reversal at a critical level between $0.0005000 and $0.0004200. The price turned upward precisely at $0.0004200, but it has not yet been allowed a free pass at $0.0005000. This would mean that the market would experience a brief period of consolidation to strengthen the bulls all the more.
Lucky Block Price Forecast: LBLOCK/USD Outlook
It has all been part of the plan for Lucky Block to revive its bullish agenda at a strong key level. No price level gave the required support till the coin dropped into the critical zone between $0.0005000 and $0.0004200.
The buyers have immediately begun work, raising the price from $0.0004200.However, it will take more effort to bypass the limiting level at $0.0005000. Therefore, the price is now recoiling into consolidation before the upsurge.
While the RSI (Relative Strength Index) line has taken a sharp turn and dropped below the zero level, the Stochastic Oscillator lines have dropped right back into the oversold region. An upturn is expected again as the price consolidates.
LBLOCK/USD Medium-Term Trend: Bullish (1-hour chart)
On the 1-hour timeframe, the candlesticks have begun to take an upturn after reaching the $0.0004200 support level. This, in turn, causes the Stochastic Oscillator lines to rise.
The Relative Strength Index line, which earlier took a dip following the drop in prices, has picked up again from below the mid-level and is already on an uptrend again. When the coin rises back to $0.0005000, the price will try to break out. If it doesn’t go through this time, the coin will continue in consolidation till it IA well equipped to break out and upwards.
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.
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