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Lucky Block Market Prediction – August 21
The Lucky Block market prediction is for another upward spike that will push the price close to or beyond the $0.0001420 resistance level.
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
The spotlight is on the Lucky Block buyers after the anticipated breakout from the prolonged triangle consolidation. There was a first spike that reached beyond $0.0001420 to signal the breakout. After that, another spike emerged a much smaller one, which barely touched the $0.0001100 resistance. All the bulls are signaling their intention to push for higher prices after an extended period of consolidation. LBLOCK will be looking to rise beyond $0.0001420.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
LBLOCK has demonstrated its intent to reach higher price levels through notable spikes. Following an anticipated breakout from prolonged triangle consolidation, the market witnessed a significant spike that surpassed $0.0001420.
The first spike signaled the breakout. Another smaller spike followed, almost touching the $0.0001100 resistance. These consecutive spikes reflect the bullish intention of buyers to drive prices upward.
Following the end of its extended consolidation period, LBLOCK is poised to ascend beyond the $0.0001420 level. The occurrence of the spikes has triggered an upward shift in market momentum, evident in the daily Momentum indicator.
Market Expectations
Additionally, the EFI (Elders Force Index) on the daily chart has progressively risen from a negative value, crossing over the zero level as bulls assert their influence on the market. The 4-hour timeframe shows even more pronounced momentum progress.
The 4-hour Momentum indicator displays a substantial increase in momentum compared to previous instances. Meanwhile, the EFI line has predominantly remained above the zero level since the initial spike. Another market spike is anticipated, potentially elevating the price to or above the $0.0001420 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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