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Lucky Block Price Forecast: January 23
The Lucky Block price forecast is for the market to take advantage of the fluctuations around $0.0000470 to build momentum for a potential rally.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0000600, $0.0000880, $0.00004700
Demand Zones: $0.0000200, $0.0000260, $0.0000360
Lucky Block is fluctuating around the $0.0000470 significant level ahead of a potential rally. The price had previously been trading above the $0.0000470 level. At some points, the market began to formulate into a triangle structure to give the price direction. However, the bears unexpectedly exploited the formation to drive the coin lower. The bulls have recovered though and are battling to restore the market, which has now resulted in price fluctuations with the potential for a rally.
Lucky Block Price Forecast: LBLOCK/USD Outlook
Lucky Block (LBLOCK) is currently navigating around the significant level of $0.0000470, poised for a potential rally.
Initially trading above this level, the market tended to form a triangle structure, providing potential direction for the price.
Unexpectedly, bears exploited this formation, driving the coin lower. However, the bulls have since staged a recovery, contributing to price fluctuations with the potential for an upcoming rally.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
Analysis of the daily chart using the Moving Average Convergence Divergence (MACD) indicator indicates a drop below the zero level. Nevertheless, the MACD lines are trending laterally, just beneath the zero level. Concurrently, the Envelope indicator on the same daily chart has enclosed the range of candlestick fluctuations, affirming the ongoing price accumulation.
Examining the 4-hour chart reveals a more pronounced engulfment of the Envelope Bands around the candlesticks, undulating the market around the $0.0000470 significant level. The MACD indicator in this shorter timeframe also mirrors this undulating pattern, occurring around the zero level. This market formation sets the stage for a potential breakout to the upside shortly.
How To Buy Lucky Block
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.
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