Lucky Block Market Prediction: LBLOCK Maintains Higher Lows

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Lucky Block Market Prediction: January 20

The Lucky Block market prediction is for the buyers to continue pressing for a bullish call after anchoring the price on a higher low.

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

Key Levels:
Zones of supply: $0002980, $0.0002150
Zones of Demand: $0.00002040, $0.0001880

Lucky Block Market Prediction: LBLOCK Maintains Higher Lows

Lucky Block remains in the process of converting the market structure to support its bullish agenda. The price is being patterned to conform to a triangle formation, which will drive the coin to break the $0.0002980 resistance level. Currently, the price has touched down on the rising trendline, which acts as a support for the market. We now expect a rise back above $0.0002040 and towards $0.0002980.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

LBLOCK remains bullish in its approach. The market is looking to form a triangle structure in which it is capped at the top by the $0.0002980 resistance level.

At the lower level, the market keeps making higher lows following the rising trendline. This pattern is set to store momentum in the coin, which it will later unleash to break $0.0002980.

The trend is also very obvious on the EFI (Elders Force Index) chart. The powerline has spent more time in the negative value, but each movement has resulted in higher lows.

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

As for the RSI (Relative Strength Index) indicator, the line is staying more in the bullish half of the chart, but every drop in price dips the line above the border of the oversold region. On the 4-hour chart, never, the price has dropped totally to the border of the oversold region, ready for a rise, just like it did previously.

Lucky Block Market Prediction: LBLOCK Maintains Higher Lows

The EFI on the 4-hour chart has dropped below the zero level but is on the rise now and pushing against the zero level. The price is expected to have a bullish spell back above the $0.0002040 key level and then rise to test the $0.0002980 resistance level. A breakout may occur there and then, or the process will repeat itself.

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.