Lucky Block Market Forecast: The $0.0001990 Resistance Will Fall
Login

Lucky Block Market Forecast: The $0.0001990 Resistance Will Fall

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Lucky Block Market Forecast: February 6

The Lucky Block market forecast predicts that the price will rise against the $0.0001990 key level, to break it. LBLOCK has had several interruptions to its bullish structure. The latest one is the $0.0001990, which is a barrier to the rise of the market.

LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)

Key Levels:
Zones of supply: $0002980, $0.0002040, $0.0001880
Zones of Demand: $0.0001570, $0.0001360, $0.0001200

Lucky Block Market Forecast: The <img fetchpriority=.0001990 Resistance Will Fall" width="1240" height="535" data-lazy-src="https://learn2.trade/wp-content/uploads/2023/02/h.jpg"/>

LBLOCK buyers have a track record of overcoming such interruptions to continue their agenda. The bulls will be looking to regain stability and return swiftly to their plan. The goal will be to first break the $0.0001990 barrier and then continue on its path to $0.0002980.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

The Lucky Block market has been structured in such a manner that it will bounce off its rising trendline and rise to test the $0.0002980 resistance till it breaks to the upside. However, there have been interruptions to this flow.

The first interruption was the coin slipping below the trendline on the 27th of January. The market did recover above the $0.0001420 support level. The second interruption now is that the price has been blocked from rising above $0.0001990.

The new target now is the violation of the $0.0001990 level. The market will be looking for an immediate recovery after the first rejection. The Moving Average period 14 line could provide that recovery point.

LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)

The Momentum indicator has dropped greatly on the 4-hour chart as the price gets rejected. However, on the daily chart, it remains high. Although there is a little drop at the tip of the Momentum line, The buyers need to react quickly to maintain the same momentum and rise back against the $0.0001990 resistance level.

Lucky Block Market Forecast: The <img decoding=.0001990 Resistance Will Fall" width="1240" height="535" data-lazy-src="https://learn2.trade/wp-content/uploads/2023/02/hh.png"/>

The 4-hour candlesticks have dropped below the MA period 14. The price is now approaching a strong confluence point where the rising trendline crosses the $0.0001570 key level. The Lucky Block market may likely regain strength before it drops back to the confluence point. The target is to break the $0.0001990 resistance and rise higher.

How To Buy Lucky Block

NoteLearn2.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.

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News