Lucky Block Market Prediction: LBLOCK is Set To Breakout of Triangle Structure

Lucky Block Market Prediction: February 28

The Lucky Block market prediction is for an imminent breakout from a triangle structure that has kept the price in consolidation.

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 long planned to taper through a triangular structure. The price has now traded to the tip of the triangle, and a strong breakout is expected. A high surge of volatility would likely accompany the market’s breakout. LBLOCKUSD will then seek to reach the $0.0002980 resistance level and possibly violate it.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

Lucky Block has followed a trend since the price was not able to rise beyond the $0.0002980 resistance level. The price has been subtly following a triangle pattern.

Therefore, the price has been tapering forward and towards the $0.0001420 support level. At this point, the coin has tapered to the tip of the triangle, and a reaction is expected.

Through the tenure of the price range in a triangle, the MACD (Moving Average Convergence Divergence) lines have been reacting around the mid-way line. It is currently at a negative value as the price reaches the tip of the triangle.

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

The Average True Range (ATR) indicator shows a nose-dive in volatility in the market, and the reason is clearly because of the tapering market. A price breakout would result in a significant increase in market volatility, which would greatly empower the bulls in breaking through all barriers and breaching the $0.0002980 resistance level.

As the coin is preparing for a breakout, there are already indicators to support that rally. Although the MACD is still undulating under the zero line, there is an uptrend in which its lines are making consistent higher lows. The ATR indicator shows a clear undulating uptrend in the short time frame. An imminent breakout is expected that will rise to $0.0002980 and likely violate it also.

How To Buy Lucky Block

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