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Lucky Block Market Prediction: July 7
The Lucky Block market prediction is for the coin to complete the formulation of a triangle structure with which to surge through the resistance levels.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0001990, $0.0001420, $0.0001100
Demand Zones: $0.0000880, $0.0000720, $0.0000650
The Lucky Block market has so many blockages trying to limit the uptrend. Several test attempts and occasional spikes are not enough to get the price to the previous levels. Right now, the coin is converging into a triangle formation, which gives it the needed push and stamina to drive through the resistance level up to $0.0001990.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
The LBLOCKUSD bulls are now proactively trying to force their way through the resistance levels limiting the price.
After several failed attempts to get past the $0.0001100 key level, the market is forming a triangle structure, which gives it the needed push to break the immediate resistance.
The MACD (Moving Average Convergence Divergence) indicator on the daily chart, confirms that much bullish action is taking place in the background as its lines are rising accompanied by green bars.
Market Expectations
The Envelope indicator shows the market portion where the bulls are most active. The high spikes have been cut off as they don’t contribute to or impact the market. So the active areas are captured in the triangle both on a daily and a 4-hour timeframe. The eventual upward push is expected to come from this range.
The MACD lines are closer to equilibrium on the 4-hour timeframe, have reduced their active upward movement, and are flowing laterally. The buyers are patient and await the right time to strike when the triangle structure matures, resulting in a breakout. The anticipation is for the coin to rise as high as $0.0001990.
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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