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Lucky Block Market Prediction: June 5
The Lucky Block market prediction is for the price to create a higher low at $0.0001250 from its current price level of $0.0001100.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0002980, $0.0001990, $0.0001690
Demand Zones: $0.0001420, $0.0001250, $0.0000880
Lucky Block market is slowly building its way back to close the gap that separates it from the $0.0001990 resistance level. The resistance level remains a major stronghold that the price needs to cross to fulfill its intention of reaching the high level it set out for at the beginning of the quarter.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
Since the beginning of the second quarter, the LBLOCKUSD market has been on a bullish spree. This was evident in the upward trajectory of the market, which made higher lows.
The upward trajectory halted as the price struggled to bypass the $0.0001990 resistance level. Each time the price rose, it returned below the level until the coin dropped to $0.0000880.
Buyers have converged again and are progressing upward in the same matter with more determination. The Parabolic SAR (Stop and Reverse) dots switched above the candles due to the continuous stay at $0.0001100.
Market Expectations
On the daily chart, the EFI (Elders Force Index) is at a positive value; however, it has dropped and is currently skimming above the zero level to show that the market is near equilibrium. This is much more evident on the 4-hour chart, where the market is at equilibrium.
Interestingly, on the 4-hour chart, the Parabolic SAR (Stop and Reverse) just switched below the candlesticks, and buyers began to make more to ascend to a higher low above the $0.0001250 level. The buyers have the upper hand in the market, with the strong demand zone beneath them.
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