Lucky Block Price Anticipation Prediction: LBLOCK Drives Upward Using a Rising Wedge

Lucky Block Price Anticipation – July 5

The Lucky Block price anticipation is for the market to continue in its uptrend movement using a rising wedge chart formation. The market has violated the $0.00089540 significant level in its uptrend.

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

Key Levels:
Supply Zones: $0.00093270, $0.00092110
Demand Zones: $0.00091220, &0.00086860
Lblock is finally causing a market reversal after a noticeable change in its direction happened around the $0.00086860 significant level. The first failed action by the bulls at the $0.0009327 resistance level led to a steep drop in the price to this $0.00086860 support. However, bulls have embarked on another round to push the price past $0.00093270.

Lucky Block Price Anticipation: LBLOCK/USD Continues in an Uptrend

The upward movement of the market has been systematic so far. This is because the sellers’ impact can sometimes be felt, but overall, the buyers have the dominance.

The alternating influence of the bears and bulls (though bulls have the most dominance) gives rise to the market’s undulating movement in a rising wedge formation.

With this formation, the bulls are drilling upwards past several key levels. The Elders Force Index’s power line rise from below to above the zero level shows how aggressive the buyers are in the market.

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

The 5-minute chart helps us see that despite the undulating movement in the market, the coin is consistently making higher lows and highs. And with this movement, the price has broken the restriction of the solid key level at $0.00089540.
The MA (Moving Average) period 50 is acting as support for the market in the higher time frame and also in the lower time frame. The EFI powerline has risen to mid-level on its chart. DEFCUSD will now aim to reach and break the resistance at $0.0009327.

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.