Lucky Block Market Prediction: LBLOCKUSD Anticipates Breakout as It Drills into Triangle Formation
Login

Lucky Block Market Prediction: LBLOCKUSD Anticipates Breakout as It Drills into Triangle Formation

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more


Lucky Block Market Prediction: August 16

The Lucky Block market prediction is to complete the drill into a triangle formation, which will result in a breakout to the upside.

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

Key Levels:
Supply Zones: $0.0001990, $0.0001420, $0.0001100
Demand Zones: $0.0000880, $0.0000720, $0.0000650

Lucky Block Market Prediction: LBLOCKUSD Anticipates Breakout as It Drills into Triangle Formation

LBLOCK is employing a fresh strategy for a price breakout. Instead of attempting to overcome resistance directly, the market is adopting a right-sided triangle formation, which holds the potential for a bullish breakout. The sturdy $0.0000880 demand level serves as the foundation for this anticipated breakout.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

LBLOCKUSD is adopting a new approach for a price breakout by forming a right-sided triangle pattern.

After encountering difficulties surpassing resistance levels, the market’s current strategy involves drilling down into this formation, which holds the potential for a bullish breakout.

The solid $0.0000880 demand level is the foundation for this anticipated breakout. Due to decreased market volatility, the Envelope indicator has encompassed the candle range on the daily chart.

Market Expectations

The Envelope indicator has enclosed the whole range of candles on the daily chart due to low volatility. The drill down into the triangle formation has caused the EFI (Elders Force Index) on the daily chart to slip below the zero level as the coin awaits a breakout to the upside.

Lucky Block Market Prediction: LBLOCKUSD Anticipates Breakout as It Drills into Triangle Formation

On the 4-hour chart, the EFI remains fluctuating around the zero level as the market generally awaits the breakout. The market has tapered to the tip of the triangle and the price surge is very close. This should drive the coin as high as $0.0001420.

 

How To Buy Lucky Block

NoteLearn2.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.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News