Lucky Block Market Expectation: Lucky Block Finds Support at the $0.0009716 Demand

Updated:

Lucky Block Market Expectation – July 21

The Lucky Block market expectation is for more upside movements for the market after it successfully breaks the $0.0010050 resistance level.


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

Key Levels:
Supply Zones: $0.00097160, $0.0010510, $0.0010050
Demand Zones: $0.00095460, $0.00093270, $0.00092110
Lucky Block Market Expectation: Lucky Block Finds Support at the $0.0009716 DemandLBLOCK has pulled back after it fails to violate the supply zone at $0.0010510. Because of the buyers’ weakness, the bears have temporarily taken control of the market. The coin plummets below a couple more critical levels before it lands at $0.00095460, coinciding with its uptrend line. With this, the price is set to rally upward again.


Lucky Block Market Expectation: LBLOCK/USD Revives Bullishness

The price has pulled back to a key support level at $0.00095460, which coincides with the uptrend line in the market. The DeFI Coin is set to push back towards the resistance level at which it was violated.

The price is consolidating along the trendline. The first point of call is to breach $0.00097160, then $0.00100500 before reaching for the $0.00105100 level where it was initially rejected.

Momentum is rising again, as shown by the Momentum indicator in the market after the price started an uptrend movement along its uptrend line.


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

The 5-minute minute chart shows the bears’ initial resistance as the market tries to break the $0.00097160 resistance level. DEFCUSD has dropped back to the uptrend line to push up again. The market is expected to rise beyond this initial resistance without much effort.
Lucky Block Market Expectation: Lucky Block Finds Support at the $0.0009716 DemandThe Momentum indicator on the lower time frame shows more equilibrium in momentum. That is, the bears and bulls are evenly placed, but buyers are expected to edge out the bearish force on the market. The coin will be looking to rise to defy the $0.00105100 resistance level.

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.