Lucky Block Market Prediction: LBLOCK Is Severely Oversold and Is Set for a Rise

Updated:

Lucky Block Market Prediction – July 5

The Lucky Block market prediction is for the price to rise from its severely oversold state around the $0.00086860 significant level.


LBLOCK/USD Long-Term Trend: Bullish (30-Minute Chart)

Key Levels:
Supply Zones: $0.00093270, $0.0008950
Demand Zones: $0.00086860, $0.00086000
Lucky Block Market Prediction: LBLOCK Is Oversold and Is Set for a RiseLBLOCK/USD falls more than 7% from the $0.0009327 resistance level. It bypasses several key levels to land below a significant support level at $0.00086860. At this current level, the price drop has been arrested, and the fluctuation of the market around this critical level is a sign that Lblock is set for a rise. To do this, the coin will have to drive clear of the support level at $0.00086860.


Lucky Block Market Prediction: An Uptrend Is Imminent For LBLOCK/USD

The bulls are at work to regain the dominance of the market. The first step to doing this is to halt the downtrend of the coin. This happens around $0.00087930 from the end of June.

As the downtrend is halted, this weakens the sellers and allows the buyers to launch a strike at the upper border of the market’s falling channel. This breaks it and pushes the price to $0.00093270 when Lblock suffers fresh rejections.

The rejection sends the market to an oversold state of around $0.00086860. The Stochastic Oscillator lines are plunged into the oversold region, and the RSI (Relative Strength Index) line has also dropped to about 30. A market reversal is anticipated.


LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)

The 5-minute chart enlarges the activities at the $0.00086860 price level. It can be seen that the market is fluctuating around this level, ready for a shoot-up. The Relative Strength Index is seen to be gradually wobbling in an upward direction and has therefore bypassed the 50 mid-level lines.
Lucky Block Market Prediction: LBLOCK Is Oversold and Is Set for a RiseSimilarly, the Stochastic Oscillator is also on an uptrend and has touched the overbought border. The price will first have to break the $0.00087930 level to climb higher.

How To Buy Lucky Block

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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.