Lucky Block Market Prediction: LBLOCK/USD Continues Bullish Trading

Azeez Mustapha

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Lucky Block Market Prediction – March 17

The Lucky Block market prediction is for the price to continue in its bullish market trading after rallying upward from the level of depression.


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

Key Levels:
Supply Zones: $0.00662680, $0.00540160
Demand Zones: $0.00336565, $0.00393250
Lucky Block Market Prediction: LBLOCK/USD Continues Bullish Trading LBLOCK/USD can be seen surging upwards after a successful rally from a level of depression around $0.00220000. The price makes a very volatile upsurge that has violated the $0.00336565 key level. The market stalled briefly below this level, then shot upward again. LBlock is presently driving through its former lower consolidation zone with momentum. The bulls are intent on totally bypassing the consolidation zone.


Lucky Block Market Prediction: What to Expect from Lblock

Market bulls have been struggling with the bears for a while now, making sideways and zigzagging movements. As in former times, buyers decided to employ a reversal technique that involves letting the price drop lower to accumulate strength.

Lblock then plunged deeper into a state of depression. However, the price drop allowed the buy traders to hop in at low prices. By the time the market dropped to $0.00220000, enough bulls had come on board.

A strong bullish trading trend ensues, with the market regaining its previous levels in a shorter time frame. The ATR (Average True Range) indicator shows a notable increase in volatility displayed in the market.


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

The price employed the volatile upthrust to break out of depression. The volatility has dropped by the time the price gets to $0.00393250, but the price has enough impetus to keep a steady uprising. The $0.00393250 price level presents itself as a resistance, but a pullback was enough to help the market above it.
Lucky Block Market Prediction: LBLOCK/USD Continues Bullish Trading Like on the 30-minute chart, the MA cross (Moving Average) is securely below the candlesticks for support and has crossed several times upward on the 5-minute chart. This shows a strong bullish phase in the market which is set to continue. Currently, the ATR indicator is showing a parallel level of volatility, but the price has enough momentum to keep rising. LBlock will aim for $0.00662680.

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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.

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