Lucky Block Market Prediction: LBLOCK Bulls Await a Breakout

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Lucky Block Price Prediction – March 1

The Lucky Block market prediction is for the price to break out strongly as the price accumulates at the tip of a triangle structure.

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

Key Levels:
Supply Zones: $0.0002980, $0.0001990, $0.0001880
Demand Zones: $0.0001570, $0.000142, $0.0001250

Lucky Block Market Prediction: LBLOCK Bulls Await a Imminent Breakout

The Lucky Block buyers have a plan in place, which they have been carefully and patiently orchestrating for several months now, dating back to the end of November 2022. The price has been trading between key levels and consolidating into a triangle structure. This is nearly achieved now as the price has traded to the tip of the triangle structure. A breakout is on the cards very soon.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

The price action of the Lucky Block market since the beginning of December last year shows the buyers have a plan in hand to regain full control of the market.

The market has had to patiently consolidate momentum in a triangle structure up until today, the first day of trading. The price is not trading at the tip of the triangle, and it is only a matter of time before a breakout occurs.

On the daily timeframe, the Momentum indicator has taken on the shape and format of the market. This means the impending market breakout will come with a surge in the momentum levels of the coin.

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

The EMA period 14 (Exponential Moving Average) has been undulating through the daily candles in a downward and sideways moving trend. Overall, the EMA period 14 line is more stationed above the candles, indicating prevailing bearishness. However, that is set to change.

Lucky Block Market Prediction: LBLOCK Bulls Await a Imminent Breakout

The 4-hour chart also shows a fluctuation of the Momentum indicator, albeit in an upward steady manner. The buyers are agitated as the price action consolidates at the tip of the triangle structure. The EMA period 14 will switch below the candles and help to push the price up once a breakout starts. LBLOCK will look to rise to $0.0002980.

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.