Lucky Block Market Prediction: June 22
The Lucky Block market prediction is for the price to make more attempts to bypass the $0.0001100 resistance, and success here will guarantee a strong price increase.
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 slipped further below the $0.0001990 major resistance level after several attempts to bypass it. This has led the coin into a state of price accumulation, with the market bounded at the top by the $0.0001420 key level and bounded below by the $0.0000880 key support. Nevertheless, since the coin has stopped dropping, the buyers are strengthening themselves to take control of the market.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
Now in price accumulation, the coin attempted to break out of the range on May 23rd with a long spike, but it didn’t work out, and the price has dropped back to the consolidation support.
Buyers are increasing in the market, which triggered another price rise, however, the price is being limited at a lower resistance of $0.0001100. This should not be a problem, and LBLOCK is expected to bypass it soon.
The coin has initially pierced through the level and more upward movement is expected to follow. The Parabolic SAR (Stop and Reverse) dots have immediately switched below the daily candles.
Market Expectations
The RSI (Relative Strength Index) line has been fluctuating in the bearish half of its chart since the price dropped below the $0.0001420 resistance. Nevertheless, this time, we can expect the RSI to break the barrier as a pointer to the price breaking the $0.0001100 resistance.
Many Parabolic SAR dots are lined up below the 4-hour candlesticks to signify the current upward progression. In the 4-hour timeframe, the RSI has risen strongly into an overbought zone but has now pulled back a little. LBLOCKUSD is expected to pierce again and rise through $0.0001100 on its way to reaching $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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