Lucky Block Market Prediction: Double-Bottom Formation Primed to Pump Market

Lucky Block Market Prediction: June 14

The Lucky Block market prediction is for the price to pump using the double-bottom bullish reversal formation.

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

Key Levels:
Supply Zones: $0.0001990, $0.0001690, $0.0001420
Demand Zones: $0.0001100, $0.0000880, $0.0000720

LBLOCKUSD buyers have an opportunity to influence the market and regain the lost ground from where the coin has dropped. The buy-traders are about to use a double-bottom bullish reversal formation to return the coin upwards. The $0.0001420 acts as the neckline that must be broken to allow the price increase.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

The Lucky Block coin had dropped towards the end of April due to the inability to surpass the $0.0001990 resistance level. The price fell through several levels until it stabilized above $0.0000880.

The attempt to rise was blocked at the $0.0001420 resistance level, leading the coin to drop back to support. The price is about to rise again to the resistance level.

A breakthrough beyond the $0.0001420 resistance will set the coin on a bullish spree. The MA period 25 (Moving Average), currently above the trading level of the market, will need to be surpassed as the coin rises.

Market Expectations

The RSI (Relative Strength Index) indicator line is currently undulating just below the middle line on the daily chart as the market awaits a breakout. The MA period 25 on the 4-hour chart is also marginally above the trading level.

The RSI indicator on the 4-hour chart fluctuates above and below the zero level. In the lower time frame, this illustrates the work being done by the bulls in the background. LBLOCK will be looking to build the last arm of its double-bottom structure to break the $0.0001420 resistance and push the price to higher levels.

 

How To Buy Lucky Block

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