Lucky Block Prediction: LBLOCK/USD Price Makes a False Breakout to Reignite Bullish Market

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Lucky Block Market Prediction: December 7

The Lucky Block market forecast is that the price of LBLOCK will resume its bullish streak after a false outage from the consolidation level.

LBLOCK/USD Long-Term Trend: Bullish (4-hour Chart)

Key Levels:
Zones of supply: $0.00015550 $0.0001670, $0.00017830
Zones of Demand: $0.00016670, $0.0001570, $0.0001990, $0.00013320

 

Lucky Block Prediction: LBLOCK/USD Price Makes a False Breakout to Reignite Bullish Market

The price of LBLOCKUSD rose by some 17 percent from the $0.000150 price level to reach the current peak before eventually moving into a range zone. After the LBLOCK price peaked at $0.0001780 in the early days of the month, the market has been ranging between the two significant price levels of $0.000178 and $0.000167.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

Recently, in a bid to enforce a return to a bullish order, the market moved below the range levels. This is in a bid to sweep in more buyers who seek to buy at the discounted price. The Stochastic Oscillator indicator shows that LBLOCK is already treading an oversold path, which confirms a new bullish takeover.

Although the Relative Strength Index has limited the effects of the spikes in its indications, it is evident that the market is tending towards an oversold point. The bulls’ comeback could as well be expected soon as a reentry is made into the consolidation zone.

On the other hand, the True Strength Index lines have crossed below the indicator’s signal line. This captures the recent market sellers’ activities. The sellers have, however, been boxed into an oversold point as the indicator signal, triggering the need for the bulls to retake their places in the Lucky Block market.

LBLOCK/USD Medium-Term Trend: Bullish (1-hour chart)

On the hourly chart, the LBLOCKUSD price continues to range along these upper restriction price levels. However, the Stochastic Oscillator lines have crossed the midline, signaling a return of the bulls to the market. The RSI indicator shows more convincingly that the current market is at an unfavorable point for further sales.

Lucky Block Prediction: LBLOCK/USD Price Makes a False Breakout to Reignite Bullish Market

Not long from now, the market is anticipated to be triggered back into significant price levels. At this point, it is expected that the price will hit the current price ceiling.

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.

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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.