Lucky Block Market Prediction: LBLOCK/USD Surges to a Prominent Market Level

Updated:

Lucky Block Market Prediction – March 8

The Lucky Block market prediction is that after a rally to $0.00522780, the coin will accumulate momentum for a further upsurge to more prominent price levels.


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

Key Levels:
Supply Zones: $0.00675750, $0.00578480
Demand Zones: $0.00393250, $0.00457480

Lucky Block Market Prediction: LBLOCK/USD Surges to a Prominent Market Level

After dropping from its triangle formation, LBLOCK/USD dipped. A retest below $0.00522780 led to a further drop in the market below $0.00457480. The market never fully recovered beyond this level, as it can be seen fluctuating around this critical level. However, while the market fluctuated, the bulls were gathering momentum. The result was a surge back above the prominent level of $0.00522780.


Lucky Block Market Prediction: LBLOCK/USD Market Prospects

LBLOCK tapered through a triangle pattern from late February to early March, with the possibility of a breakout to either side. The bulls drew the first blood with a sharp upthrust, but a fierce resistance at $0.00578480 left the price tumbling downwards.

The price slumped from the resultant resistance until it fell below $0.00457480. This drop caused weakness among the bulls, but they were still potent enough to resist further price decline. Hence, the market was found to be fluctuating around the $0.00457480 significant level.

After doing this for three days, market investors garnered a lot of support, which led to a surge upwards. Initial resistance has made the price settle at $0.00522780 for now. The Parabolic SAR (Stop and Reverse) with its dots below the candlesticks shows the bulls are gearing up for another upsurge.


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

Having surged from $0.00457480, the 5-minute chart shows that the price is now stabilizing itself at the prominent level of $0.00522780. As a result, the coin has resumed fluctuating above this level. This is a reenactment of the strategies used by the price to reach this level in the first place.

Lucky Block Market Prediction: LBLOCK/USD Surges to a Prominent Market Level

The fluctuating movement of the market has seen the MACD (Moving Average Convergence Divergence) line first dip below the zero line, then recover to start reacting around the zero line. Meanwhile, the Parabolic SAR dots can be seen alternating around the 5-minute candles. The price is expected to build up a bullish impulse with which it is likely to drive up to $0.00675750.

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.