Lucky Block Market Prediction: LBLOCK Rises, Breaching Triangle Structure 

Lucky Block Market Prediction: March 7

The Lucky Block market prediction is for a strong price increase after the coin finally bursts out of its triangle confinement.

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

Key Levels:
Zones of supply: $0002980, $0.0002150, $0.00002040
Zones of Demand: $0.0001570, $0.0001360, $0.0001250

Lucky Block has finally broken out of its triangle structure, which it has been tapering through for up to three months now. The price has dropped back to the border for a retest. Afterward, the coin is expected to embark on a strong bullish journey that will slice through the key levels till it reaches $0.0002980.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

Lucky Block buyers have been structuring the market in a way that will help them get the better of the downward pressure on the coin. The price confirmed a triangle pattern.

The market has therefore been tapering through its structure for up to three months now and has reached maturity. Finally, late last night into the early hours of today, the price broke out.

The RSI (Relative Strength Index) indicator, which had been fluctuating below the middle line, has spiked up to the line as we expect to see more upward movement in the price.

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

The breakout comes with an increase in market volatility. This is shown by the ATR (Average True Range) indicator, whose line, which has been on a gentle increase, shows a sharp rise at the tip. This is both for the daily timeframe as well as the 4-hour timeframe.

The RSI line on the 4-hour chart has risen highly above the mid-level. However, the line has now bent downward at its tip. This is because, after the spike out of the triangle formation, the price has dropped back to the triangle’s upper border for a retest. The market is now expected to shoot upward toward the $0.0002980 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.