Lucky Block Market Prediction: LBLOCK Braces With Bullish Form

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Lucky Block Market Prediction: January 5

The Lucky Block market prediction is for the bulls to remain firm in their resolve to keep hold of the market until the bullish structure is complete.

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

Key Levels:

Zones of supply: $0002980, $0.0002460, $0.0002150

Zones of Demand: $0.0001880 $0.0001570 $0.0001360

Lucky Block Market Prediction: LBLOCK Strengthens With Bullish Structure

Lucky Block is expected to break out from its $0.0002980 limitation using a bullish structure. The bulls have been able to steer the price action in their favor so far to structure the market into a double-bottom chart pattern. The last line of the structure is being formed, and when this is done, it is expected to break through the $0.0002980 resistance and release the coin for further price rise.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

The LBLOCKUSD market has been exhibiting different price actions as opposing forces try to pull the market their way. Nevertheless, the bulls have the situation under control as they have tuned the market in their favor.

The price has been structured into a bullish reversal double-bottom chart pattern. The $0.0001360 price level acts as a very solid support base, from which the coin has bounced up twice.

The resistance level of $0.0002980 is to be breached. The indicators are showing bullish dominance. The Parabolic SAR (Stop and Reverse) dots line up below the candles despite a seeming sideways trend.

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

The MACD (Moving Average Convergence Divergence) chart on the daily time frame is strongly bullish. Its lines have had a steady uptrend, which has not culminated in rising above the zero level. The candles are set for an upsurge that will break the $0.0002980 resistance level and release the market to a continuous upward drive beyond the resistance level.

The Parabolic SAR dots align above the candles on the 4-hour chart due to an initial rejection of the price at the $0.0002980 resistance level. However, the market is due for another surge. The MACD lines on the 4-hour time frame are currently above the zero level, and holding above it will confirm the bullish position.

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.