Lucky Block Market Prediction: LBLOCK Poised for Rebound After Price Pullback

Lucky Block Market Prediction: May 22

The Lucky Block market prediction is for the price to bounce off the $0.0000880 significant demand level after the price drop.

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

Key Levels:
Supply Zones: $0.0002980, $0.0001990, $0.0001690
Demand Zones: $0.0001420, $0.0001250, $0.0000880

LBLOCKUSD is looking to bounce back following a pullback in price. The market has been stable above $0.0001690 for a while, but as pressure mounts, the price plunges beyond several significant levels to reach the $0.0000880 support level. The price drop will enable more buyers to enter the market at a lower price, enabling a bullish return.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

The LBLOCKUSD market started the year’s second quarter on a strong bullish note. However, the price has had to contend with the strong resistance level of $0.0001990.

Despite several piercings through the resistance, the market continues to trade below it. This happened for several days. With not much progress, the price dropped through the support level.

The pullback in price resulted in the Parabolic SAR (Stop and Reverse) lining up majorly above the candlesticks. A few candles are below, but we expect to see more as more buyers join in and the market revives.

Market Expectations

The EFI (Elders Force Index) power line on the 4-hour chart dropped slightly below the zero level compared to how high the power line had risen when the market was very bullish. This gives the coin a chance for a swift recovery to bounce off the $0.0000880 support level.

The EFI on the lower timeframe shows the power line has risen much more than the lowest it dropped as the price dropped off the $0.0001690 key level. A switch of the Parabolic SAR dots below the candlesticks will confirm the intent and action of the market to bounce back to its bullish trend towards $0.0001990.

 

How To Buy Lucky Block

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