Lucky Block Market Prediction: LBLOCK/USD Drops to Allow For More Buying Opportunities

Updated:

Lucky Block Market Prediction – March 15

The Lucky Block market prediction is for a robust bullish drive after the market lays low to permit more buy traders to come on board.


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

Key Levels:
Supply Zones: $0.00540160, $0.00393250, $0.00336565
Demand Zones: $0.00280000, $0.00264600, $0.00220000
Lucky Block Market Prediction: LBLOCK/USD Drops to Allow For More Buying Opportunities Lucky Block has broken out of its consolidation not directly to the upside but to the downside. This is to facilitate a more substantial bullish move by allowing more market investors to come on board at a slightly lower price level. Hence, Lblock has passed some key levels to touch down at around $0.00264600, a prominent level in the market.


Lucky Block Market Prediction: What to Expect from Lblock

Market investors have been working to regain their strength despite the prevailing bearish insistence. One method the bulls have been using to hijack the market is dropping to a lower level to surge upwards.

This method was employed on the 24th of February when the price dropped to $0.00336565 to engage more buyers and then surged to $0.00662680. LBLOCK has now dropped towards $0.00264600, where it is expected to gather volatile bullish strength for an upsurge.

When the price dropped by around $0.00264600 on February 9th, the ATR (Average True Range) increased in volatility, causing the price to skyrocket. The coin is therefore looking to repeat this price action.


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

The 5-minute chart shows the price trending downwards under the influence of the bears. In this event, the consolidation support level at $0.00393250 was breached, as well as the significant level at $0.00336565. The coin has now touched down below the $0.00280000 fundamental level. There was an initial reaction push to push the market. But the candlesticks are now drooping again to retest the $0.00280000 price level.
Lucky Block Market Prediction: LBLOCK/USD Drops to Allow For More Buying Opportunities The ATR indicator shows that the initial push-up was a volatility rise. This is a sign of what is to come after. The Stochastic Oscillator has dropped deep into the oversold region as the bulls gather momentum for an upsurge. The coin is now plunging to retest $0.00280000. Another reaction is expected, likely leading to a price rise to $0.00540160.

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.