Lucky Block Market Prediction: May 25
The Lucky Block market prediction is for the bulls to take advantage of the increased market volatility to push for a breakout.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0002980, $0.0001990, $0.0001690
Demand Zones: $0.0001420, $0.0001250, $0.0000880
The Lucky Block market still aims to break down the $0.0001990 resistance level. The bulls have dropped to a lower level but have spiked continuously upward to pierce through the resistance. This has increased market volatility, further helping the buyers.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
Lucky Block’s primary objective is to push high beyond the $0.0001990 resistance level, which has kept it at bay since the beginning of the second quarter of the year.
The initial strategy to break down the key level was to test it several times from close range. However, that has not been effective so far. The new plan is to attack the resistance from a distance with long wicks.
The latest approach to breaking down the resistance level is helping to increase market volatility. As shown on the ATR (Average True Range) indicator, whose line continually rises.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
The volatility of the Lucky Block market has led to a price shift, which sees a positive confirmation from the Parabolic SAR (Stop and Reverse). Due to the upward spike, the coin has gained ground, and despite the pullback, the market is still bullish. The dots line below the candlesticks on the daily chart.
On the 4-hour chart, the ATR indicator has risen highly, but the retracement has also caused a slight drop in the ATR indicator. The Parabolic SAR (Stop and Reverse) is yet to switch below the candles on the 4-hour chart; when this happens, the price will have made a major move towards breaching the $0.0001990 resistance.
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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