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Lucky Block Price Forecast: July 18
The Lucky Block price forecast is for continuous consolidation to help the bulls strengthen for a potential rally up to the $0.0001990 resistance level.
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, $0.0000360
LBLOCKUSD is steadily accumulating in anticipation of a forthcoming rally. While it has remained confined between the price range of $0.0001420 and $0.0000880 due to downward pressure, this consolidation phase presents an advantageous situation for buyers to reinforce their positions. A strong rally is probable in which the target price of $0.0001990 is achievable, as evidenced by several upward spikes suggesting the possibility of a significant increase.
Lucky Block Price Forecast: LBLOCK/USD Outlook
LBLOCKUSD keeps accumulating ahead of a potential rally. Until now, downward pressure has kept the price tucked in consolidation between the $0.0001420 and $0.0000880 levels.
However, this is allowing the buyers to keep strengthening, the outcome of which will be an aggressive rally that will rise to $0.0001990.
Several upward spikes are a testament to that potential outcome. The Envelope indicator on the daily chart shows how much the price has ranged from the support level to slightly above $0.0001100.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
The Envelope indicator on the 4-hour chart pushes up to the $0.0001250 significant level, indicating the extent to which the price has ranged. This gives the coin room to rise and hold above the $0.0001100 level to push even higher.
The daily RSI (Relative Strength Index) line has taken a ranging position around the RSI middle line. While the 4-hour RSI gives a bias to the bulls because the line occasionally enters the overbought zone, a potential rally to $0.0001990 awaits.
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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