Lucky Block Market Prediction: LBLOCK/USD Approaches a Bullish Confluence

Updated:

Lucky Block Market Prediction – April 12

The Lucky Block market prediction is for the market to continue its slide towards the bullish confluence of the upper border of its former channel and the strong $0.00222220 support level.


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

Key Levels:
Supply Zones: $0.00378260, $0.00324440, $0.00272320
Demand Zones: $0.00272320, $0.00246460, $0.00222220
Lucky Block Market Prediction: LBLOCK/USD Approaches a Bullish ConfluenceLBLOCK/USD failed to take advantage of surging through a key resistance zone between $0.00324440 and $0.00304100, and the price has now slid right through it. Still exhausted, the market continues sliding downwards through several key levels. However, the coin is now approaching a significant confluence, which is predicted to have a bullish impact on the market.


Lucky Block Market Prediction: LBLOCK/USD Is Looking To Bounce up From a Confluence

Lblock was previously sliding down through a descending channel. The $0.00222220 proved to be a resilient support level during the price drop as it was breached only once.

The price broke out of the channel after consolidating between the $0.00304100 resistance level and $0.00246460. Due to exhaustion, the L-block has continued sliding down on top of the channel’s border.

The coin is now approaching a confluence zone where the channel’s border and the $0.00222220 cross. Low volatility has characterized the market up till now, as shown by the ATR (Average True Range) indicator. But that could change when the confluence triggers bullishness.


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

The market is ranging between the channel’s border and the MA period 200 (Moving Average) on the 30-minute chart as the price drops. This is similar to the 5-minute chart, but the MA period 200 is closer to the candles, putting pressure on it to break below the $0.00246460 level.
Lucky Block Market Prediction: LBLOCK/USD Approaches a Bullish ConfluenceMeanwhile, the ATR indicator shows an undulating level of volatility in the market. This has been the trend since the price dropped to the $0.00272320 support level and subsequently dropped to $0.00246460. LBLOCK is anticipated to spring up from the consolidation point to break $0.00324440.

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.