Lucky Block Market Prediction: LBLOCK/USD Is Ready to Take Off From a Solid Base of $0.0002210

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Lucky Block Market Prediction: December 19

The Lucky Block market prediction is for the coin to take off soon after it forms a solid base above a set of support levels.

LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)

Key Levels:
Zones of supply: $0002980, $0.0002460, $0.0002150
Zones of Demand: $0.0002040, $0.0001990, $0.0001360

Lucky Block Market Prediction: LBLOCK/USD Is Ready to Take Off From a Solid Base of $0.0002210

LBLOCK/USD is ready for the big takeoff after it completes the work of setting a strong base, which comprises several demand levels. The strong support at $0.0001990 acts as the foundation for this market base that has been formed because the coin is not permitted to drop below it at all. The $0.0002150 as well as the $0.0002210 are other levels that contribute to acting as the base from which the price will take off.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

LBLOCK initially rose sharply at the end of November to violate the $0.0001990 when it still acted as a resistance level. The price rise made use of a solid base that spans from $0.0001360 to $0.0001570.

This led to a spike of more than 100% in price before the growth was curtailed at $0.0002980. This caused the market to drop, this time converting the former $0.0001990 resistance to a demand zone.

LBLOCK also combines the demand zone with other price levels up to $0.0002210 to structure another base from which it will take off again. The Stochastic lines are using the oversold border as their base to spring up.

LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)

Like on the daily chart, the 4-hour Stochastic lines use the oversold border as the base for a rise. However, in this 4-hour timeframe, the lines have already risen to the overbought level. This is a sign of the progress the buyers are making underground as they begin to drive the price higher.

Lucky Block Market Prediction: LBLOCK/USD Is Ready to Take Off From a Solid Base of $0.0002210

While the MA Cross (Moving Average) on the 4-hour chart is moving in a sideways trend, the daily chart has made a definite commitment upwards with a golden upward cross. As such, we should expect the market to kick upwards from this level. The first goal is to break the $0.0002980 resistance level before pushing even higher.

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.