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Lucky Block Market Prediction: June 13
The Lucky Block market prediction is for the price to complete a double-bottom bullish reversal formation to pump the market.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0001990, $0.0001690, $0.0001420
Demand Zones: $0.0001100, $0.0000880, $0.0000720
LBLOCKUSD could not push above the $0.0001990 resistance level when it came into contact with it. Afterward, the coin dropped to a lower level and was confined to consolidation. In consolidation, the buyers can take advantage of the bullish potential of a double-bottom formation for a breakout back toward the $0.0001990 resistance.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
The LBLOCKUSD market buyers are working on an opportunity to push the price up and out of the current consolidation zone by using the double-bottom bullish formation.
The coin had slipped here due to its inability to violate the $0.0001990 resistance level. Now in consolidation, the price is exploring the opportunity to rally back to that resistance level.
The market has formed a double-bottom pattern. The $0.0001420 key level acts as the neckline to be broken. The Parabolic SAR (Stop and Reverse) dots remain above the candles on the daily chart.
Market Expectations
The MACD (Moving Average Convergence Divergence) indicator is giving a bullish signal, having crossed upward toward the zero line and displaying green histogram bars. This is the same situation on the 4-hour chart.
Also on the 4-hour timeframe, the Parabolic SAR dots have switched below the candles, and the coin begins to make its way upward towards breaking the neckline of the double bottom pattern. LBLOCK is expected to pump back toward the $0.0001990 resistance level.
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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