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Lucky Block Price Forecast: August 22
The Lucky Block price forecast is for buyers to build up on the momentum gained while consolidating to drive the market beyond $0.0001420.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0001990, $0.0001420, $0.0001100
Demand Zones: $0.0000880, $0.0000720, $0.0000650
Following the long-awaited breakout from a triangle consolidation formation, the Luck Block market sent a first spike that rose beyond $0.0001420. Another smaller spike came after the bulls threw the spanner into the works. It is expected that from here, the coin will likely use the momentum generated to climb higher. LBLOCK is expected to push to the $0.0001420 resistance.
Lucky Block Price Forecast: LBLOCK/USD Outlook
After a protracted period of anticipation, the Lucky Block market finally broke free from its triangular consolidation formation, initiating a noteworthy sequence of events.
A substantial surge propelled the market to achieve its first spike, surpassing the $0.0001420 threshold. Subsequently, a smaller spike followed, showcasing the dynamic interplay between bullish forces.
This development sets the stage for leveraging the accumulated momentum to facilitate an upward ascent. LBLOCK’s trajectory is poised toward challenging the $0.0001420 resistance.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
A closer examination of the daily chart reveals the converging MA Cross (Moving Average) lines, signifying their imminent upward intersection. Simultaneously, the EFI (Elders Force Index) power line has surged above the zero mark, indicating a shift in control towards the buyers’ domain.
On the 4-hour chart, a robust upward cross is evident in the MA Cross indicator, emphasizing the prevailing market direction. At present, the EFI power line rests at an equilibrium level. This context imbues buyers with a potent opportunity to propel the coin upward, potentially aiming for the coveted $0.0001420 mark.
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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