Lucky Block Market Prediction: LBLOCK/USD Inefficiency Is Set to Draw the Price Higher

Updated:

Lucky Block Market Prediction – April 28

The Lucky Block market prediction after the inefficiency created on the 25th of April is likely to pull the price upwards towards $0.0019360.


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

Key Levels:
Supply Zones: $0.0020070, $0.0019360
Demand Zones: $0.0018180, $0.001670
Lucky Block Market Prediction: LBLOCK/USD Inefficiency Is Set to Draw the Price HigherLBLOCK/USD Market inefficiencies have greatly influenced the price action in recent days. The efficiencies have served as price magnets. The sudden pumping and dumping of the large candles in the market have given rise to the formation of the gaps in the market.


Lucky Block Market Prediction: LBLOCK/USD Expectation

The market has filled multiple gaps in the market where prices had not been efficiently traded. The market rallied aggressively from the 21st to the 22nd of April. This created a series of consecutive candles. The top of the parallel channel served as resistance for the bullish run.

The midline of the channel managed to hold the price as support. The inefficiency beneath the middle parallel line caused the market price to dip to the $0.0018180 demand zone.

The aggressive pull of price by the previous inefficiency also created a larger inefficiency on the 23rd of April. The bearish candle slumped back into the parallel channel support line. The market broke the internal high and became bullish to fill the inefficiency.


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

The market has just filled the major inefficiency on the 5-minute chart. The market pumped rapidly from $0.001670 to $0.001810. The MACD (Moving Average Convergence Divergence) indicator, as well as the momentum, confirmed an overbought condition. The market eventually retraced to fill in the inefficiency above $0.001670.
Lucky Block Market Prediction: LBLOCK/USD Inefficiency Is Set to Draw the Price HigherThe inefficiency above $0.0018180 is still yet to be traded back to. The inefficiency is expected to draw the price towards the supply zone at $0.0019360.

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.