Lucky Block Price Anticipation: LBLOCK Strengthens at $0.0001250 for a Bullish Turn

Lucky Block Price Anticipation: March 17

The Lucky Block price anticipation is for the bulls to strongly impart the coin with the strength they gain at $0.0001250 for a rally.

LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)

Key Levels:
Zones of supply: $0.0002890, $0.0001880
Zones of Demand: $0.0001420, $0.0001200

Lucky Block buy-traders are in good control of the market. They aren’t exerting all their strength, nor are they permitting the sellers a free run. This places the market in a lateral movement along the $0.0001250 significant level. The goal is to swipe away from below the triangle structure to have only the $0.0001420 key level as the only barrier to an upward movement. This is playing well at the moment.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

The market recently dropped below the triangle structure that formed. The bulls have been able to prevent a further slide of the price below the $0.0001250 key level.

The market can be said to be undergoing a mini-consolidation. This occurs because the bulls don’t fully exert their strength, nor do they allow the sellers a free ride away from the $0.0001250 support level.

The buyers are using the current price event to strengthen themselves and move the coin away from below the triangle structure. Though the MACD (Moving Average Convergence Divergence) is in negative territory, there are moves for an upward cross.

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

The EMA period 25 (Exponential Moving Average) remains generally above the candlesticks on the daily chart, acting as a resistance to the price and helping it slide sideways till it gets beyond the triangle structure. Meanwhile, on the 4-hour chart, the candles have traded above the EMA period 25, which also acts to keep the market from dropping lower. This action keeps LBLOCK in consolidation.

The MACD lines have made upward crosses on the 4-hour chart. It already has bullish histogram bars accompanying it. The line is now close to the zero level. The bulls are close to taking full control of the market as the price swipes away from the triangle structures. Only the $0.0001420 line will be left to be broken, after which the coin will begin to rise.

How To Buy Lucky Block

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, presented product, or event. We are not responsible for your investment results.