Lucky Block Price Anticipation: LBLOCK Strengthens at a Confluence Zone

Updated:

Lucky Block Price Anticipation – July 8

The Lucky Block price anticipation is for the market bulls to strengthen after dropping to a confluence zone. The coin is expected to spring up due to solid support at the confluence zone.


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

Key Levels:
Supply Zones: $0.00098000, $0.00095460, $0.00092110
Demand Zones: $0.00091220, $0.00090370, $0.00086860
Lucky Block Price Anticipation Prediction: LBLOCK Strengthens at a Confluence ZoneLblock has found its stride in an upward movement, and the price is seen bouncing up a trendline. The market has created another crest after hitting resistance at $0.00095460, so the price has been dipping. However, the price dip is towards a confluence zone where the $0.00091220 price level crosses the market’s ascending trendline. Lucky Block is expected to gain strength and spring back upward.


Lucky Block Market Prediction: LBLOCK/USD to Continues in an Uptrend

The market has finally found a route upwards after an extended period of being subdued in a descending channel. The uptrend commenced after the coin broke out on the 4th of July.

In addition to its breakout, the price received strong support at the $0.00086860 demand zone. And from there, the Lblock has been bouncing upward on a trendline. This is expected to continue as the price touches down at a confluence zone.

The confluence zone of the $0.00091220 significant level and the trendline is expected to push the price upward. The Stochastic Oscillator lines in the oversold region are set for an imminent rise.


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

The 5-minute chart shows that the market passed through a ranging phase in trying to break through the $0.0009546 supply level. This spanned from the 7th to the 8th of July, and a failure to violate the level led to a dip below the $0.00093270 demand level and further downward till it reached the confluence zone.
Lucky Block Price Anticipation Prediction: LBLOCK Strengthens at a Confluence ZoneWith the Stochastic Oscillator lines set for an imminent rise from the oversold region, the market is predicted to recover from the confluence zone and charge back towards the $0.0009546 supply level and break through it. The MA (Moving Average) period 50 is also expected to be violated in the process. Lucky Block is likely to reach for $0.00098000

How To Buy Lucky Block

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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.