Lucky Block Market Prediction: LBLOCK Is Set to Lift Off Confluence Point

Azeez Mustapha

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Lucky Block Market Prediction: February 10

The Lucky Block market prediction is for the price to benefit from a lift from the $0.0001570 confluence point.

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

Key Levels:
Zones of supply: $0.0002150, $0.0001880
Zones of Demand: $0.0001570, $0.0001420

Lucky Block Market Prediction: LBLOCK Is Set to Lift Off Confluence Point

Lucky Block will try to regain stability at the rising trendline. This comes after buyers were put off balance at the $0.0001880 resistance level. The point to which the market is now moving is the confluence point where the rising trendline crosses the $0.0001570 support. This zone is anticipated to give the bulls a boost to push toward the $0.0001880 resistance level.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

After the market was thrown off balance at the $0.0001880 resistance level, it is looking more likely that LBLOCKUSD buyers will revert to the rising trendline to regain stability in the market.

The coin is yet to recover to retest the $0.0001880 resistance level, while the price has been drawing closer to the trendline since. The trendline intersects the $0.0001570 support, which is sufficient in this instance.

The Stochastic Oscillator lines immediately cut short their upward movement and dived below the middle line. The market has also traded below the EMA period 20 (Exponential Moving Average).

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

The Exponential Moving Average period 20 has taken a definite position above the 4-hour candlesticks to show the drop in the buyers’ intensity. The candlesticks are now dropping off towards the confluence point of the trendline and the $0.0001570 support.

Lucky Block Market Prediction: LBLOCK Is Set to Lift Off Confluence Point

The Stochastic Oscillator lines have gradually reduced the wavelength of their up-and-down movement so that their highest point is near the chart’s 50 levels. The chart shows the continued descent of the coin toward the confluence point, where it is expected to get a push-up toward the $0.0001880 resistance level.

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.

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