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Lucky Block Market Prediction: September 7
The Lucky Block market prediction is for the market to hit the rising trendline, after which the market’s bullish trend will resume.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0001000, $0.0001300, $0.0001600
Demand Zones: $0.0000900, $0.0000800, $0.0000750
Following an exuberant expansion through the last week of August 2023, the market’s structure eventually shifted to the downside. The bullish expansion was along the rising trendline until the rising trendline failed to hold the price at the premium. However, the LBLOCK/USD market is currently in an oversold state, and the price is likely to surge upward as it hits the diagonal support.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
Before the commencement of the uptrend in the last week of August, the market was in a consolidation phase.
A whipsaw ensued on August 17, 2023, as the bulls made efforts to take control of the market. Eventually, the uptrend began, but only to last until September 1, 2023. At $0.0001300, LBLOCK crashed massively as the market structure finally shifted to the downside.
As the downtrend continued, a ‘Fair Value Gap’ formed around the $0.0001000 price level. LBLOCK is likely to retest the ‘Fair Value Gap’ as it resumes its upward trend.
Market Expectations
The MA Cross on the four-hour chart suggests that LBLOCK has been declining for a while. The decline, however, continued until the Stochastic Oscillator showed that the market needed to reverse to the upside as it entered an oversold state. This indication reveals that an upswing is impending.
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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