Lucky Block Market Prediction: LBLOCK/USD Finally Breaks Free From Bearish Dominance

Updated:

Lucky Block Market Prediction – April 4

The Lucky Block market prediction is for a rapid price increase towards $0.00474140 after a prolonged period of bearish dominance.


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 Finally Breaks Free From Bearish Dominance

LBLOCK/USD has finally broken out of a prolonged period of bearish dominance that stretches as far back as mid-February. The coin showed far more impetus to break out in this attempt, and it has now proved to be a successful operation. The market’s first upsurge was reversed, but the price maintained a strong foothold above $0.00244600 to break out finally.


Lucky Block Market Prediction: LBLOCK/USD Anticipation

Buyers remained active behind the scenes, building impetus throughout the market’s decline. The intent of the buy traders is seen in the reaction of the price to the drop towards the lower border of its descending channel.

The buyers have leveraged this market’s reaction to finally break out of the descending channel and out of bearish dominance.

LBlock laid a siege below the upper border till it broke out. The Envelope indicator’s middle line was crucial as the 30-minute candles remained above it till the price surged towards $0.33656500.


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

The 5-minute chart shows what happened on a closer look. Like on the 30-minute chart, the price leveraged the middle line of the Envelope indicator to push upwards. LBlock is now attempting to break through $0.0033656500. The first step is a retracement, and the price has slid below the Envelope midline.
Lucky Block Market Prediction: LBLOCK/USD Finally Breaks Free From Bearish DominanceThe Stochastic Oscillator lines have dropped towards the border of the oversold region. This shows a drop in price before it drives up again. This move is expected to help the buyers break through the $0.0033656500. The target of the bulls is always $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.