Lucky Block Price Forecast: May 8
The Lucky Block price forecast is for the buyers to take full advantage of the increase in volatility to violate the weekly resistance level.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0002980, $0.0002740, $0.0001990
Demand Zones: $0.0001880, $0.0001570, $0.0001420
While the Lucky Block market remains in consolidation, an increase in volatility is all that is needed to cause a change in the market. The volatility increase comes with a sharp drop in the price below the support level. This is immediately followed by a spike upward, even past the resistance level, but the price corrects itself downward. The buyers are expected to make an attack again.
Lucky Block Price Forecast: LBLOCK/USD Outlook
Lucky Block buyers look for a way out of consolidation below the $0.0001990 resistance level. The coin has been delayed from flowing along its upward trend after being blocked at this resistance level.
Nevertheless, things could change drastically, especially with the sudden rise in market volatility. After a while of ranging, the price suddenly dipped below the support, but then the buyers pumped the market with the same intensity.
The coin is sitting just below the $0.0001620 level, spiking beyond the resistance before correcting backward. The ATR (Average True Range) indicator shows a sharp upturn as volatility surges.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
The Momentum indicator on the daily chart, which has been downward sloping, has taken a sharp upturn, although it is still at a negative value. Nevertheless, the buyers will drive the price towards the resistance again to break it.
On the 4-hour chart, a massive rise in market volatility as the ATR indicator rises. The momentum indicator on the 4-hour chart also shows an increase in the activities of the bulls as the moment enters a positive value. The coin is expected to rise further to hit the $0.0001990 resistance and breakthrough toward $0.0002740.
How To Buy Lucky Block
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