Lucky Block Price Anticipation: LBLOCK Continues Accumulating for a Strong Rally

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Lucky Block Price Anticipation: October 14

The Lucky Block price anticipation is for the buyers to have a strong rally due to the length of time accumulating.

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

Key Levels:
Zones of Supply: $0.0008360, $0.0005000, $0.0009860
Zones of Demand: $0.0003130, $0.0002980, $0.0001880

Lucky Block Price Anticipation: LBLOCK continues Accumulating for a strong rally

Lucky Block is set for a strong breakout session due to the length of time it is spending in accumulation. Even if the market breaks out right now, there is an anticipation of an aggressive uptrend movement. As a result, several buyers are now well-positioned to tap into the bullish potential of the market.

Lucky Block Price Anticipation: LBLOCK/USD Outlook

Lucky Block already demonstrated its penchant for an aggressive rally with the October 2nd upsurge. The market rose suddenly after about a week of accumulation in between key levels.

Although that move ultimately collapsed, there is an anticipation of a similar move that is well-planned and is expected to be effective. The price has been accumulating for more than one week at $0.0001880.

The indicators already give an idea of an impending upsurge. The Bollinger Bands squeezing tightly to the 4-hour candlesticks are a sign of a silent market waiting for a trigger from buyers.

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

The EFI (Elders Force Index) indicator on the 4-hour chart has its line direction at the equilibrium level. This shows that currently, both the sellers and the buyers have little influence over the market. It is expected that the buyers will be the ones to seize control of the market. This is due to the demand level and the accumulation working in their favor.

Lucky Block Price Anticipation: LBLOCK continues Accumulating for a strong rally

Things are even looking brighter for the bulls in the short term. The Bollinger Bands still hold onto the market tightly, while the EFI is currently biased to the upside, though still principally at the equilibrium level. LBLOCKUSD expected to break out toward the $0.0005000 key 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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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.