Lucky Block Market Prediction: LBLOCK/USD Aims to Break a Familiar Resistance Level

Updated:

Lucky Block Market Prediction – April 6

The Lucky Block market prediction is for the buyers to gather strength to break through a familiar resistance level at $0.00336565.


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

Key Levels:
Supply Zones: $0.00474100, $0.00336565
Demand Zones: $0.00264600, $0.00134480
Lucky Block Market Prediction: LBLOCK/USD Aims to Break a Familiar Resistance LevelLBLOCK/USD is still working hard to gather enough strength to violate the $0.00336565 resistance level. The resistance level also has an extra barrier layer above it at $0.00360520 to keep the price in check. But it is noteworthy that LBlock breached both levels briefly with a breakout from its triangle formation before slumping right back below them. The market is now attempting to break the level again.


Lucky Block Market Prediction: LBLOCK/USD Anticipation

The $0.00336565 level is a familiar resistance level for the market. The price rose to this level while still within the descending channel.

An initial breakout was followed by a slump back below the level and conformation back to the descending channel.

Having broken out of the channel, the price has more liberty to rally from below the level. The alternating movement of the Parabolic SAR (Stop and Reverse) shows market consolidation.


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

The MACD (Moving Average Convergence Divergence) indicator on the 30-minute chart is moving close to the zero level but from a bearish stance, but there is currently an upturn as the price has crossed upward. However, on the 5-minute chart, the lines are already above the zero level and are dropping.
Lucky Block Market Prediction: LBLOCK/USD Aims to Break a Familiar Resistance LevelThe lack of a clear-cut momentum upward or downward further strengthens the consolidation position of the market. However, bulls always have the upper hand and will be looking to push through the resistance level to reach $0.00474100.

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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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.