Lucky Block Market Prediction: May 9
The Lucky Block market prediction is for the coin to make its latest attempt at cracking the $0.0001990 resistance level.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0002980, $0.0002740, $0.0001990
Demand Zones: $0.0001880, $0.0001570, $0.0001420
Lucky Block is set to make another attempt at violating the $0.0001990 resistance level. The prolonged period of ranging below the resistance level allowed the market to slip below the support level, but the buyers have regained themselves and have recovered. They are about to push the coin back above the consolidation support level, from where the price will have another go against the resistance level.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
Lucky Block spent the end of last year and the beginning of this year accumulating in a triangle. In mid-March, the bulls gained momentum and began pushing the market vertically.
The upward movement of the price continued until it encountered the $0.0001990 resistance level. The coin was forced to range below the level, making several attempts at a breakthrough.
The price dropped as the bears also tried to influence the market, but the market regained itself. A new effort is being made to strike at the resistance again. The Stochastic is rising to this intent again.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
On the daily chart, the Parabolic SAR (Stop and Reverse) dots align above the daily candlesticks. This is due to the price slip below the consolidation support level. However, the coin has recovered nicely and is about to cross above the $0.0001690 support level. As a result, the dots have switched below the candles in the lower time frame.
The Stochastic Oscillator lines on the 4-hour chart are about to rise from the oversold borderline. The rise in the short term will confirm the intent and trajectory of the market. The coin will be looking to make its latest attempt at breaching the supply level at $0.0001990. When this happens, the market is set to push aggressively toward $0.0002740.
How To Buy Lucky Block
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