Lucky Block Price Anticipation: LBLOCK Takes First Steps out of Consolidation

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Lucky Block Price Anticipation: November 4

Lucky Block price anticipation is for a continual rise in the price after the coin takes its first steps out of consolidation.

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

Key Levels:
Zones of supply: $0.0002980, $0.0004200, $0.0005000
Zones of Demand: $0.0002100, $0.0001880, $0.0000880

Lucky Block Price Anticipation: LBLOCK Takes First Steps out of Consolidation

After a protracted period of consolidation in which the buyers firmly held the market above the strong support level of $0.0002040, the price of Lucky Block has taken its first steps out of consolidation. The consolidation resistance line was broken on the 4th of November by the use of consistent bullish candlesticks. The buyers also use the strategy of retesting and breaking to keep pushing the price higher from the breakout point.

Lucky Block Market Prediction: LBLOCK/USD continues in an uptrend

The story of the market investors is long, but it is a successful one nonetheless. The buyers were able to put an end to a strong bearish trend at $0.0001880.

The next thing they did was push the price to the next support level and keep it there. This is despite all the strain that comes from the sellers. The buyer created a strong demand level of $0.0002040 to keep LBLOCK up.

After three weeks, the buyers are energized and are driving the coin out of consolidation to the next level. The Elders Force Index (EFI) power line has strongly risen to a positive value to show the strength of the bulls.

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

A highlight of the market is the use of the break-and-retest strategy. This was used immediately after the breakout. The price retraced to $0.0002150 and sprang beyond the next price level. LBLOCK then returns to retest the just-broken level of $0.0002223 and is already on the rise with bullish fervor.

Lucky Block Price Anticipation: LBLOCK Takes First Steps out of Consolidation

All the while, the MA period 25 (Moving Average) is underlining the candlesticks on the 4-hour chart, acting as a sort of support to push the price up. The EFI remains on a positive note, although it has dropped to a lower figure due to the retracement back to $0.0002223. The coin is expected to keep climbing until it reaches $0.0005000 and beyond.

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.