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Lucky Block Price Forecast: February 24
The Lucky Block price forecast is for the price to complete the formation of its bullish structure, which would allow a breakthrough towards $0.0002740.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0001990, $0.0001880
Demand Zones: $0.0001570, $0.000142
Lucky Block is forming a double-bottom bullish reversal structure. The structure is set to complete its last arm that will reach for the neckline, which is also the $0.0001990 resistance level. Completion of this would help the market break the resistance level and set the price in an upward motion toward the $0.0002740 key level.
Lucky Block Price Anticipation: LBLOCK/USD Outlook
When it comes to structuring the market in their favor, lucky block buyers always seem to be one step ahead. Ever since the drop beneath $0.0001990, despite the barrier rising, the bulls have formed the price into a bullish reversal pattern.
The bullish reversal pattern is a double-bottom chart formation. The neckline lies at the $0.0001990 resistance level that has prevented the coin from rising higher.
The market is now on the verge of creating the last arm of the structure. As such, the Stochastic Oscillator lines have bounced off the oversold region to reach the mid-level line.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
The RSI line has responded likewise and has stopped short of touching the oversold region border. It has risen back to the mid-level line and has been fluctuating below the level. If the coin falls below this level, it will begin to form the final arm of its bullish structure.
The 4-hour chart shows that the price needs a push beyond its current level to get going. The price is trapped below the middle line of the RSI chart. This applies also to the Stochastic Oscillator chart. A breakout from below this point in the market will see a strong surge upward toward the neckline to break it and rise toward $0.0002740.
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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