Lucky Block Market Expectation: Lucky Block Successfully Breaks the $0.0010050 Resistance


Lucky Block Market Expectation – July 20

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 Successfully Breaks the $0.0010050 ResistanceLBLOCK continues its upward trajectory after successfully violating the supply level at $0.0010050. The price had to change tactics due to the price gap between its former demand level at $0.0009716 and the $0.0010050 supply level. A symmetrical triangle system was utilized to breach the level. The market is onto the next resistance at $0.0010510.

Lucky Block Market Expectation: LBLOCK/USD Revives Bullishness

Lucky Block bulls are flying high after they seized control. The price has been effortlessly passing the key levels, and its latest victory is to break through the $0.0010050 resistance using a triangle pattern.

The next objective is to surpass the new supply level at $0.0010510. The market will likely revert to a familiar pattern of retracement and breakout to push beyond this crucial level.

The MA period 45 (Moving Average) is predominantly aligned below the 1-hour candlesticks to keep acting as support for the price.

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

The 5-minute minute chart shows that after tapering through the triangle, the price broke upward as expected and violated the $0.0010050 resistance level. The market rose immediately to test the next resistance at $0.0010510, but it was rejected. LBLOCK is now set to strategize a way to break the new resistance for more upward movement.
Lucky Block Market Expectation: Lucky Block Successfully Breaks the $0.0010050 Resistance The RSI (Relative Strength Index) on the 30-minute chart is wobbling but close to the upper half of the RSI chart. It is more evenly spread on the 5-minute chart. This serves to highlight the lack of bearish strength in the market. In both time frames, the MA period of 45 is more biased as support.

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.