Lucky Block Price Anticipation: LBLOCK Breaks the Bearish Trend and Kick-Starts a Rally

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Lucky Block Price Anticipation – October 26

The Lucky Block price anticipation is for the market to grow stronger and stronger after it breaks up a downtrend to continue its bullish agenda.

LBLOCK/USD Long-Term Trend: Bullish (30-Minute Chart)

Key Levels:
Zones of supply: $0.0002980, $0.0004200, $0.0005000
Zones of Demand: $0.0002100, $0.0001880, $0.0000880

Lucky Block Price Anticipation: LBLOCK breaks the bearish trend and kick-starts a rally

LBLOCK buyers are demonstrating why they want it more. There has been a mini-tussle for supremacy in the market. The bulls have had a strong handle on the price so far since it dropped to $0.0001880. However, after Lucky Block ascended above $0.0002060, they slightly weakened due to the energy expended. This allowed the sellers to gradually shave the price downward. But suddenly, the trend has been broken and the price is set for a rally.

Lucky Block Market Prediction: LBLOCK/USD continues in an uptrend

Earlier in the month, the $0.0001880 critical level was used as a convergence point by the buyers to stop the prevailing bearishness in the market. A reversal is now on the cards as the bearish influence wanes.

There is now a tussle as the buyers gradually wrestle for control of the market. The market succeeded in pushing up to $0.0002060 before dropping in intensity. The coin begins to slide below as a result.

The decline has been stopped sharply and the candlesticks pierce out of the descending channel. This has caused the EFI (Elders Force Index) power line to make a firm shift into a positive value on the 4-hour chart.

LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)

On the 4-hour chart, the candlesticks have traded to the upside of the MA period 30 (Moving Average). This is the same situation as the Moving Average on the 1-hour chart, which has now bent upward below the candles as support.Lucky Block Price Anticipation: LBLOCK breaks the bearish trend and kick-starts a rally

On the 1-hour chart, the EFI power line has pushed a bit higher above equilibrium. This shows that the buyers have gained the upper hand at this time. It is expected that the buying base will keep getting stronger and stronger and climb toward $0.0005000.

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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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.