Lucky Block Market Prediction: LBLOCKUSD Consolidation Persists in New Week

Lucky Block Market Prediction: October 9

The Lucky Block market prediction is for the price consolidation to stretch through the new week with the same objective of gaining bullish momentum for a rally.

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

Key Levels:
Supply Zones: $0.0001250, $0.0000880
Demand Zones: $0.0000360, $0.0000200

It is looking as if the Lucky Block market consolidation will also continue into the new week. The consolidation started due to the volatility retracement of the price to a new record low. The goal of the market remains the same to allow many bulls into the market at a low price which will then empower the market to shoot upward back to $0.0000880 and beyond that.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

LBLOCKUSD appears set to continue its consolidation into the new week. This consolidation phase commenced following a significant price retracement to a new all-time low.

The primary aim is attracting more bulls in the market at this favorable price point. This influx of buyers is expected to provide the market with the necessary momentum to propel it upward.

The coin can then set its target at the $0.0000880 level and beyond. On the daily chart, the Parabolic SAR dots are prominently positioned above the market, reflecting the price’s decline to its current trading level.

Market Expectations

However, the Elders Force Index (EFI) indicator on the daily chart, despite the consolidation, has undergone a sharp upward surge toward the zero level, indicating the potential for an imminent shift in market dynamics. Transitioning to the 4-hour chart, the EFI has risen to equilibrium and is moving laterally along the zero level.

Additionally, the Parabolic SAR in the same short timeframe has begun to place dots beneath the 4-hour candlesticks, signaling a gradual transition toward a bullish phase. Consequently, LBLOCK is expected to experience a notable surge shortly, targeting a move back towards $0.0000880.

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.