Lucky Block Price Anticipation: Lblock Is Gaining Rallying Strength From a Confluence Point

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Lucky Block Price Anticipation: October 12

The Lucky Block price anticipation is for the market to gain more strength to pump from the consolidation point where it has dropped.

LBLOCK/USD Long-Term Trend: Bullish (4-Hour 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 is gaining rallying strength from a confluence point

Lucky Block has ended the bearish regime that has pervaded the market since early September. The price has had to plunge through several key levels to reach the intersection of the descending trendline and the $0.001880 significant level, where the downtrend ended. The price has now taken a sideways turn and is gaining strength to embark on a rally.

Lucky Block Price Anticipation: LBLOCK/USD Outlook

As Lucky Block slid down a trendline, it demonstrated its willingness to embark on a rally with the October 2 price surge. to reach the intersection of the descending trendline and the $0.001880 significant level, where the downtrend came to an end.

There will be no other demonstration of a bullish movement as the coin slides along the descending trendline. Eventually, the coin reaches a strong confluence level where the trendline crosses $0.001880.

That was point the downtrend stopped then the market started regaining rallying strength. The Stochastic Oscillator lines are gradually moving upward and have crossed the center-line.

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

On the 1-hour chart, the Stochastic Oscillator lines have dropped back into the oversold region and are rising again. On the 4-hour chart, the Parabolic SAR (Stop and Reverse) dots are alternating around the candlesticks, signalling a consolidation. This is the same situation on the 1-hour chart as well.

Lucky Block Price Anticipation: LBLOCK is gaining rallying strength from a confluence point

Having stopped the downtrend, Lucky Block is now exploring the possibility of rallying from this level. Many buyers prepare to buy due to the coin’s low price level. When the coin pumps, it will aim to reach $0.0006820.

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.