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Lucky Block Market Expectation – July 19
The Lucky Block market expectation is for the price to break even more levels in an upward movement. Things have been going according to plan for the market’s investors looking to expand their influence.
LBLOCK/USD Long-Term Trend: Bullish (30-Minute Chart)
Key Levels:
Supply Zones: $0.0010510, $0.0010050
Demand Zones: $0.00081040, $0.00097160
Lucky Block remains upward-abounding since converting a bearish trend into a bullish one. The buyers have been strengthening themselves with the same market strategy. As the coin reaches higher and stronger key levels, investors are attempting to switch their system to climb further higher. The price is consolidating into a triangle pattern to surge upwards.
Lucky Block Market Expectation: LBLOCK/USD Revives Bullishness
The motion by which the buy traders have been successful in this bullish cycle is a wavy movement that involves pulling back and executing a breakout.
With this movement, the coin has risen from the $0.00081040 support level to the $0.0010050 resistance. LBLOCK is now switching its rallying strategy by tapering into a triangle to accumulate momentum for a breakout.
The MACD (Moving Average Convergence Divergence) lines replicate the upward motion in the market. However, it is now drooping due to the price conforming to a triangle. It is expected to shoot upwards again when the market breaks the $0.0010050 resistance level.
LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)
The 5-minute minute chart shows that the price began to conform to a triangle pattern when it fails to violate the $0.0010050 resistance after testing it twice. The tapering of the market is about to reach the tip of the triangle, leading to a breakout to the upside towards the $0.0010050 resistance.
The Parabolic SAR (Stop and Reverse) dots alternate around the 5-minute candles to show consolidation. The MACD lines have also reduced their oscillation towards the equilibrium line. Market buyers’ activities will resume after this period of consolidation. The coin will aim for $0.0010510.
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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