Lucky Block Market Prediction: LBLOCK Will Break Resistance with Bullish Structure

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Lucky Block Market Prediction: February 22

The Lucky Block market prediction is for the price to complete its double-bottom bullish structure, at which point it will break through to $0.0002740.

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

Key Levels:
Zones of supply: $0002740, $0.0001990, $0.0001880
Zones of Demand: $0.0001570, $0.0001420, $0.0001200

Lucky Block is seen to be forming a double-bottom bullish structure. The formation of the structure started as soon as the price slipped off the $0.0001990 key level. The price is making a comeback from the base level of $0.0001420.The structure will help the market ascend back above $0.0001990 and push it even higher, up to $0.0002740.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

Lucky Block has been stringing together a market structure that will help it crack open the $0.0001990 key level. This started as soon as the market slipped below $0.0001990 on January 13th.

The $0.0001420 key level is being used by the coin as a springboard to continue the structure. Therefore, the price rose to test the resistance on the 4th of February before retreating to the support.

Once again, the bulls are on the prowl as they seek to build up a double-bottom structure that will push the price higher. The RSI (Relative Strength Index) line is pushing against the mid-line to rise higher.

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

The Parabolic SAR (Stop and Reverse) dots on the daily chart are yet to respond to the uprising of the market. A change in the dots below the daily candlesticks will almost certainly confirm the market’s bullish trend. This is already confirmed on the 4-hour chart as the dots line up below the 4-hour candlesticks.

The RSI line of the 4-hour chart, likewise, has made its way above the middle line of its chart after some time spent below the line. The market is trying to stabilize above the $0.0001570 key level, which prompts the pullback of the RSI line back to the middle line. The coin is expected to take off from there towards the $0.0001990 resistance itself to break through.

How To Buy Lucky Block

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