Lucky Block Market Prediction: LBLOCK/USD Pushes for a Bullish Breakout

Updated:

Lucky Block Market Prediction – July 4

The Lucky Block market prediction is for the price to push higher after a breakout from a descending channel. This is a result of consistently pushing against the channel’s upper border.


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

Key Levels:
Supply Zones: $0.0008950, $0.0009037, $0.00091220
Demand Zones: $0.00088680, $0.00087930, $0.00086860
Lucky Block Market Prediction: LBLOCK/USD Pushes for a Bullish BreakoutLBLOCK/USD is gearing up for a bullish upsurge after a breakout. The market began tapering with the upper border of the channel and a rising trendline. This means buyers are now seizing power from the bears to give the market a bullish outlook. To do this, the price had to overcome the solid key level of $0.00089540, and it is ready to push for higher levels.


Lucky Block Market Prediction: LBLOCK/USD Is Set for Higher Levels

Bearish activities have recently dominated the Lblock market. The price has been sliding downward after it was enclosed in a descending channel. However, bulls have become active in recent times.

The first sign of bullish reinvigoration is that buyers have maintained the market in the upper half of the descending channel. Furthermore, they have leveraged key price levels to push the price towards the channel’s upper border and break beyond it.

The EFI (Elders Force Index) has pushed up from below the zero level after its power line made a sharp upturn. Meanwhile, the MA (Moving Average) is currently assuming itself as a support to help push the price up.


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

The 5-minute chart shows that as today opens up, there is a forceful push up beyond the upper border of the descending channel such that the solid key level at $0.0089540 has been breached. This allows the market to push towards even higher price levels.
Lucky Block Market Prediction: LBLOCK/USD Pushes for a Bullish BreakoutHowever, upon reaching $0.00091220, the price experiences a temporary rejection, thereby dropping back to $0.0089540. Lucky Block can be backed to spring from this level and break the $0.00091220 to reach further 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.