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Lucky Block Market Prediction: June 6
The Lucky Block market prediction is for the buyers to push out of the price accumulation by piercing through the $0.0001420 resistance level.
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
Lucky Block is expected to exit its continuous ranging movement by breaching the $0.0001420 supply level. The buy-traders have started gathering more impetus. The sign of this is the most recent piercing of the resistance level with a candle’s long wicks. When the breakout occurs, the coin is expected to surge toward the $0.0001990 level.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
LBLOCKUSD is poised to exit its ongoing price accumulation by breaching the $0.0001420 resistance level. The coin has been ranging below this resistance, with $0.0001100 acting as support.
The strong intention of the buy-traders to break out of the consolidation is very glaring. Despite the coin’s defense against resistance, the market continues to rise and test the level.
Notably, this is the last spike of one of the latest candles. The long wicks of the candles have been used to pierce the supply level. The MA period 25 (Moving Average) aligned above the candles was pierced when the price spiked.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
The MACD (Moving Average Convergence Divergence) indicator on the daily chart shows a bullish market. Its lines have crossed upward and are rising towards the zero line. In addition, there are green histogram bars on display. The bullish signal is in anticipation of a price breakout.
The price accumulation, therefore, shows the bulls having the upper hand on the daily chart. The 4-hour time frame shows a similar but slightly bearish outlook. The MA period 25 is lying above its candles, while the MACD lines have taken a pullback from rising, accompanied by small bullish histogram bars. These are signs of price accumulation, but the impetus is currently with the buyers for a breakout toward $0.0001990.
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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