Lucky Block Market Prediction: LBlock Rebounds off Lower Support Level, Poised to Rally Higher

Lucky Block Market Prediction: May 5

The Lucky Block market prediction is for the price to rally strongly after dropping below the $0.0001690 support level and rebounding off the $0.0001620 level.

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

Key Levels:

Supply Zones: $0.0002980, $0.0002740, $0.0001990

Demand Zones: $0.0001880, $0.0001570, $0.0001420

Lucky Block is about to shake things up to break out of its prolonged consolidation. The price has stooped below the key consolidation support to rebound off a lower support level at $0.0001620. This will give the market more space to gather momentum, with which it will assault and violate the resistance level. The price will rise to $0.0002980 upon a breakout.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

Lucky Block has been ranging between key levels for several weeks now. Though the bulls have the upper hand, the resistance level at $0.0001990 has been unbreakable. However, things are about to change.

The market is about to be shaken so the price can push beyond the $0.0001990 resistance. This occurred, allowing the price to drop below the immediate support level and rebound off the next support level.

This will give the price more space and intensity to attack and eventually violate the $0.0001990 resistance level. This move has stretched the Envelope lines to pull below the $0.0001690 support. 

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

The RSI (Relative Strength Index) line on the daily chart, which has maintained a position above the 50 mark all along, has dropped below it as the price plunges to $0.0001620. The line has nearly touched the oversold border in the 4-hour timeframe. Nevertheless, as the latest candle has begun to show a reversal tendency, the RSI line is expected to recoil back above the middle line.

Also, on the 4-hour chart, the Envelope indicator has adjusted to accommodate the price drop to the lower support and is also acting as support from which the price is recovering nicely as bullish candles begin to show. Once the buyers get a grip on the market, a strong surge is expected to assault the resistance level and may likely lead to that anticipated breakout.

How To Buy Lucky Block

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