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Lucky Block Price Anticipation – July 6
The Lucky Block price anticipation is for the market to break past its current resistance zone and continue its bullish adventure to reclaim higher price levels.
LBLOCK/USD Long-Term Trend: Bullish (30-Minute Chart)
Supply Zones: $0.00093270, $0.00092110
Demand Zones: $0.00091220, $0.00089540
Lblock is still on its journey of trying to reclaim higher price levels. As a result, the price has been upward abounding since it engineered a reversal at the $0.00086860 demand level. LBLOCK began a steady upward, tapering through a rising wedge chart pattern. However, the price has now been blocked at $0.00092110, but the buyers remain agile to breakthrough.
Lucky Block Market Prediction: LBLOCK/USD Continues in an Uptrend
On the 4th of July, the market broke out of a descending channel formation to begin an uptrend. The price rose quickly and got to the $0.0009327 supply level by the 5th, where it was rejected and dipped.
Similarly, Lblock dropped strongly to reach a significant support level at $0.0008686. It is at this point that the bulls begin to engineer a reversal. The price took off with consecutive bullish candles on the same day.
The 6th and 7th of July were used to push the price through a rising wedge pattern till it hit a supply zone at $0.00092110. Lblock is battling to continue its uptrend. The Parabolic SAR (Stop and Reverse) alternates around the candles.
LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)
Something remarkable is happening in the market. As the price keeps struggling to break through the $0.00092110 resistance, it lays low for some hours, and then a significant upward spike appears at the time of writing. The spike makes a meal of the $0.00092110 resistance and shoots further upwards past several levels.
The spike happens despite the Parabolic SAR giving indications of a price drop. The MACD (Moving Average Convergence Divergence) also uses its lines to show that the bulls will exert upward strength. The bars have switched to bullish before it happens on the 15-minute chart. There should at least be a retracement before the price keeps rising.
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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