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Lucky Block Market Prediction: June 7
The Lucky Block market prediction is for the market to persist in this ranging phase in anticipation of an eventual bullish breakout.
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 still ranging between key levels in anticipation of a breakout. The market got into this confinement after the price slipped off the $0.0001690 key level where it was previously anchored. The coin dropped to $0.0000880 and then rose into the consolidation zone.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
The $0.0001990 resistance level remains the main limitation to the market’s rise. After an extended period below the resistance, the price slips to the $0.0000880 support.
The market is gradually building its buying base from the low price level, and this can be seen as the coin making a higher low to climb above $0.000110. However, the $0.0001420 ensures that the price will undergo a ranging phase before it continues its rise.
The price has now tested the consolidation resistance several times. The Momentum indicator shows that momentum is on the rise as we speak. This is despite the lateral movement that is taking place above the $0.0001100 support level.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
On the daily chart, Stochastic Oscillator which has plunged into the oversold zone, has also made a golden cross upward to signal an imminent rise in the market. Meanwhile, the Stochastic Oscillator lines on the 4-hour chart have begun to rise and have risen above the oversold border.
The Momentum indicator line on the 4-hour chart is still rising even as the candlesticks climb further upward above the $0.0001100 demand level. The price could range for longer before the anticipated breakout, which will run back toward the $0.0001990 resistance level.
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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