Lucky Block Market Expectation: Lucky Block Continues to Conduct the Market Upward

Updated:

Lucky Block Market Expectation – July 22

The Lucky Block market expectation is for the price to reach further higher levels after it stabilizes itself in its ascending channel. The $00100500 key level has been violated.


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

Key Levels:
Supply Zones: $0.00111300, $00105100
Demand Zones: $0.00100500, $0.00095460
Lucky Block Market Expectation: Lucky Block Continues to Conduct the Market UpwardLBLOCK stopped a downtrend and converted it to an uptrend on the 13th of July from a $0.00081040 critical level. Since then, the market has been conducting itself steadily up its ascending channel. This continued till the 18th of July when the buyers tried to sidestep the upward conduit. This led to a breakdown in the array of the bulls, and the price was forced to retreat to the ascending channel.


Lucky Block Market Expectation: LBLOCK/USD Revives Bullishness

The buyers have been expanding their influence in the market. This means that they have been reclaiming lost price levels. DEFCUSD is undulating upwards utilizing an ascending channel.

The buyers also gathered many impulses to attempt to hasten the price’s pace. They did this by breaking the ascending conduit upwards. However, the angle was too acute, which limited their power to bypass $0.00105100.

The price took a U-turn back into the conduit and continued in a steady movement upwards. The price has traded to the upside of the middle Bollinger Band and is now pushing hard against the upper Band.


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

On the 30-minute chart, the dots of the Parabolic SAR (Stop and Reverse) have lined up below the candles. It is a bit different on the 5-minute chart. The dots alternate around the 5-minute candles as the market embarks on sideways movement below $0.001005 before it eventually breaks through.
Lucky Block Market Expectation: Lucky Block Continues to Conduct the Market UpwardCurrently, the coin is stretching the upper Bollinger Band on the 5-minute chart as it aims to push upward with momentum after breaking the $0.001005 significant level. The price is now directly aiming for the upper border of the conduit. The Bulls will fancy jumping the gun again to surge upward. If this happens, the market will also rise to break $0.00111300.

How To Buy Lucky Block 

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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.