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Lucky Block Market Prediction: July 14
The Lucky Block market prediction is for the market to complete its bullish inverted heads-and-shoulder formation for a breakout.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0001990, $0.0001420, $0.0001250
Demand Zones: $0.0000880, $0.0000720, $0.0000360
LBLOCKUSD might have already found a way to break free from its two-month-old market consolidation. Through several failed attempts to break out, the coin has now formulated into an inverted heads-and-shoulders structure, which is a bullish formation. The $0.0001250 key level acts as the structural neckline. Once broken, the coin will have the freedom to surge aggressively.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
Lucky Block is on the verge of a breakout using a bullish inverted heads-and-shoulders structure. The structure base lies at the consolidation support at $0.0000880.
The neckline of the heads-and-shoulders formation lies at the $0.0001250 resistance. Once the price gets over this line, the bulls are expected to push the market with more force to break the $0.0001420.
With the recent market rise off the support level, the Stochastic Oscillator lines on the daily chart have likewise surged upward out of the oversold zone.
Market Expectations
The RSI (Relative Strength Index) line on the daily chart, which hitherto fluctuated around the midline, has surged upward and is rising towards the overbought border. The bulls are currently in charge of the market. They have to make this time count.
On the 4-hour chart, the Stochastic Oscillator line has risen to reach the overbought border, while the RSI line has followed an upward trend to enter the overbought region. The Bulls will want to make this time count. Buyers are encouraged to join the ride, as the coin aims to reach $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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