Lucky Block Market Prediction: LBLOCK Begins Consolidation to Strengthen Bullish Momentum

Azeez Mustapha

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Lucky Block Market Prediction: March 28

The Lucky Block market prediction is for the coin to empower its buying base through consolidation between key levels.

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

Key Levels:
Zones of supply: $0.0002980, $0.0001880
Zones of Demand: $0.0001570, $0.0001420

Lucky Block Market Prediction: LBLOCK Begins Consolidation to Strengthen Bullish Momentum

Lucky Block is beginning to settle into a consolidation after the past week of volatile movement in the market. The consolidation will be more of a breather for the buyers, who are expected to continue their upward trend after the consolidation.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

At this junction, having made a solid base at the $0.0001420 demand level, Quant is set to commence consolidation. The market retains a bullish tendency after making a higher high.

Therefore, the consolidation that is about to commence will be to the advantage of buyers and further their aims. The resistance of $0.0001620, which acts as the resistance, can be easily breached.

The middle Bollinger Band helps to further solidify the base on which the daily candles stand. As a result of the potential consolidation, the Momentum indicator shows a drop in the general momentum.

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

On the 4-hour chart, the Bollinger Bands have squeezed around the candles between the key levels as the price begins consolidation. The consolidation will strengthen the resolve of the buyers to further their course.

Lucky Block Market Prediction: LBLOCK Begins Consolidation to Strengthen Bullish Momentum

Incidentally, the Momentum indicator on the 4-hour chart is showing a continuous marginal increase as the Momentum line is undulating upward. The chart already points to the fact that the buyers are getting ready for an assault against the $0.0001620 resistance that caps the consolidation zone.

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.

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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