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Lucky Block Market Prediction – May 26
The Lucky Block market prediction is for the coin to stabilize itself above the $0.0001250 significant level from which it is expected to rally.
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
LBLOCKUSD buyers are gradually making progress in regaining the market. A sharp spike has helped the market shake off the bearish influence. Though a correction occurred, the price is now at a higher low above the $0.0001250 key level. The coin will be looking to hold above the level to gather more strength before surging upward again.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
LBLOCKUSD has managed to shake off the bears’ influence, which dragged the price down to $0.0000880. The market is now trying to stabilize itself above the $0.0001250 significant zone.
From here, the bulls anticipate a strong rally that will test the resistance level and break it. The market has begun to spike upward from that level as they aim to weaken the resistance.
The candles can be seen on the daily chart trying to stabilize around the $0.0001250 zone. The EMA period 25 (Exponential Moving Average) remains above the current trading position despite the upward spikes.
Market Expectations
The upward spike from the $0.0000880 level has catapulted the EFI (Elders Force Index) power line high into the positive region on the daily chart, thereby giving the buyers that edge to work with as they seek to stabilize the market above the $0.0001250 demand zone.
The retracement after the spike has caused the EFI on the 4-hour chart to drop back towards the zero line. However, at the time of writing, the power line remains positive. Another advantage is that the EMA period 25 has dropped to act as support for the market and is below the trading price at this timeframe. LBLOCKUSD is expected to rally towards $0.0002740 from this level.
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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