Lucky Block Market Prediction: LBLOCK to Rise Through a Triangle Pattern

Updated:

Lucky Block Market Prediction – March 3

The Lucky Block market prediction is for the coin to breakout upward after tapering through a triangle chart pattern.


LBLOCK/USD Long-Term Trend: Bullish (30-Minute Chart)

Key Levels:
Supply Zones: $0.0070156, $0.00675750
Demand Zones: $0.00569450, $0.00522780

Lucky Block Market Prediction: LBLOCK to Rise Through a Triangle Pattern

The attempt of LBlock to shake off the bearish influence that is currently pervading the market has seen it conform itself into a triangle pattern. The triangle pattern is expected to drive the market upward after tapering through it. A breakout from this chart pattern will see the market surge past several key levels to reach the $0.00701560 significant level.


Lucky Block Market Prediction: LBLOCK/USD Price Prospects

The Lucky Block upward thrust, which successfully bypassed several key levels, has been spectacularly hindered at the $0.00675750 significant level. As a result, the market has been fluctuating below this level to breakthrough.

After undulating for a while with the $0.00569450 support zone, the price conformed into a triangle pattern with which it hopes to propel itself upward. Currently, the price has pulled slightly below the $0.00569450 level to the lower border of the triangle.

The Parabolic SAR (Stop and Reverse) has alternated its dots below the daily candlesticks to suggest the beginning of an uptrend. While the EFI (Elders Force Index) remains largely at equilibrium, it has skewed to the bullish side.


LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)

The 5-minute chart shows a tapering movement in the market. As a result, the price has slipped below the support level of $0.00569450 and dropped to the lower border of the triangle pattern.

Lucky Block Market Prediction: LBLOCK to Rise Through a Triangle Pattern

The price has risen to the upper border of the triangle. And the Parabolic SAR has many dots below the candlesticks to show an uptrend. The EFI remains in equilibrium. A breakout would lead the market to $0.0070156.

How To Buy Lucky Block

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.