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Lucky Block Market Prediction – July 11
The Lucky Block market prediction is for the market to achieve a breakthrough beyond $0.0001100 due to persistence in keeping up the pressure.
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, $0.0000360
LBLOCKUSD is applying pressure against the resistance levels to restore lost price levels. For several days now, the coin has been trapped in consolidation between the $0.0001420 key level as resistance and the $0.0000880 demand level. However, in addition, the $0.0001100 key zone provides further resistance to the increase in price.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
The Lucky Block buyers have to first ram their way through the $0.0001100 significant level to have a chance to test the consolidation resistance level at $0.0001420.
The market remains persistent despite these limitations and is now ramping up the pressure against the resistance levels. Several spikes can be seen as the bulls keep pushing.
In addition, several spikes can be seen piercing through the resistance levels, the last reaching the $0.0001420 consolidation resistance. The price is on the verge of trading above the MA period 25 (Moving Average).
Market Expectations
The EFI (Elders Force Index) power line on the daily chart has just risen above the zero level to reflect the little progress being made by the bulls behind the scenes. This is the same situation on the 4-hour chart. The coin is gradually pushing against the $0.0001100 resistance level.
The EFI on the smaller time frame has its line above the Zero level like on the daily chart but has dropped closer to the zero level though still in a positive value. The coin is predicted to force its way through the $0.0001100 level, after which it will test the $0.0001420 consolidation resistance for any weakness.
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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