Lucky Block Market Prediction: LBLOCK Forms Bullish Strategy

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Lucky Block Price Prediction – January 4

The Lucky Block price prediction is for the coin to fully formulate into a bullish structure, which will help it break every resistance and push the price higher.

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

Key Levels:
Zones of supply: $0002980, $0.0002460
Zones of Demand: $0.0001570, $0.0002040

Lucky Block Market Prediction: LBLOCK Forms Bullish Strategy

There has been a struggle for control of the Lucky Block market between the bulls and the bears. The bulls are, nevertheless, still getting things to go their way by making the price action formulate a bullish structure. The market is now trying to build the last line of the double-bottom pattern. If successful, it will break the resistance and neckline at $0.0002980 and pump very hard.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

The Lucky Block market had its fair share of pumps and dumps as the tussle for control of the market continued. In the movement of the market, the buyers have been using the market events to formulate a bullish structure.

In the course of the price action, the coin has generally found a strong support level at $0.0001360. At the same time, the price has been restricted from rising beyond the $0.0002980 resistance level.

This key level is being used to potentially formulate a bullish double-bottom pattern. The MACD (Moving Average Convergence Divergence) lines can be seen to have a general uptrend and have finally climbed above the zero level.

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

The Parabolic SAR (Stop and Reverse) dots have switched below the candlesticks as the buyers attempt to build the last line of the double bottom pattern and break the $0.0002980 resistance. We anticipate the dots will switch below the candles on the 4-hour chart for confirmation.

Lucky Block Market Prediction: LBLOCK Forms Bullish Strategy

The price action has gotten to the last stroke of the double bottom structure. If the market successfully breaches the $0.0002980 resistance, which acts as the structure’s neckline, then the coin will pump very hard to as high as $0.0004200 and beyond. The 4-hour MACD lines remaining at a positive value are a confirmation of the intent of the buyers.

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.