Lucky Block Market Prediction: LBLOCK/USD Bulls Seeks to Rebound From the $0.00264600 Support

Updated:

 Lucky Block Market Prediction – April 7

The Lucky Block market prediction is for the market to open up space from the $0.00336565 resistance level with which it can push higher with more volatility.


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

Key Levels:
Supply Zones: $0.00360520, $0.00336565
Demand Zones: $0.00264600, $0.00220000
Lucky Block Market Prediction: LBLOCK/USD Bulls Seeks to Rebound From the $0.00264600 SupportLBLOCK/USD has been laying siege below the $0.00336565 resistance level for the past three days, intending to break through it. The resistance remains impenetrable, and the market is now devising a familiar means to violate the supply level. LBlock is dropping to gain support at the $0.00264600 level, from where the market can rebound with higher volatility.


Lucky Block Market Prediction: LBLOCK/USD Is Looking To Bounce Back From a Lower Level

The market investors are still intent on restoring Lucky Block to its bullish pedestal, and this can be seen throughout the movement of price in its channel.

The coin is often seen to drop to a lower level to open up space with which it surges upward to break any impediment. The coin is now assuming a similar position to break the $0.00336565 supply line.

The price will look to rebound from the $0.00264600 support level to break the resistance. In so doing, Lblock has dropped below the MA period 200 (Moving Average). The ATR (Average True Range) shows shallow levels of market volatility at the time of writing.


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

On the 5-minute chart, the price is now retracing after lying low below the supply level. The volatility level of the market has dropped a lot since the last thrust of the price beyond the resistance level.
Lucky Block Market Prediction: LBLOCK/USD Bulls Seeks to Rebound From the $0.00264600 SupportLike the 30-minute chart, the market has slid below the MA period 200 on the 5-minute chart as the price approaches the support level at $0.00264600. The market is expected to rebound from that level and break the resistance.

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.