Lucky Block Price Forecast: Lblock Begins Buy-Side Delivery of Price Action

Updated:

Lucky Block Price Forecast – May 13

The Lucky Block price forecast is ascending to attack resistance levels. The market experienced a significant reversal at the $0.0007830 demand level.


LBLOCK/USD Long-Term Trend: Bullish (30-Minute Chart)

Key Levels:
Supply Zones: $0.001380, $0.001250, $0.001250, $0.001000
Demand Zones: $0.000800, $0.0011300, $0.001310
Lucky Block Price Forecast: Lblock Begins Buy-Side Delivery of Price ActionLBLOCK/USD turned from bullish to bearish on the 10th of May. The moving Averages period nine and twenty-one switched sides to confirm the bearish run. The MACD (Moving Average Convergence and Divergence) also crossed above equilibrium to signify bearishness.

The value of the dollar rose significantly, as reflected in the price action. There was a shift in market structure that led to the crash. The market dived down to the $0.000800 level.

The bulls went long at the $0.00080 demand level. The MACD crossed below the zero point to reveal a reversal was in place. A symmetrical triangle pattern formed as the Moving Averages gyrated sideways.


Lucky Block Price Forecast: LBLOCK/USD Market Reversal Anticipation

The bulls attempted to go long on the 11th of May. They were faced with resistance at $0.001250, which hindered the bullish run. The market eventually dived into the demand zone at $0.000800.

The value of Lucky Block rose to $0.00140. There was a change in the state of delivery from bullish to bearish. The MACD crossed above equilibrium. The Parabolic SAR formed multiple points above the intraday candles to signify a selloff.


LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)

LBlock broke out of the symmetrical triangle after bouncing off the demand level at $0.000800. There was a bullish breakout of a smaller symmetrical triangle, which eventually led to a breakout of the larger symmetrical triangle.
Lucky Block Price Forecast: Lblock Begins Buy-Side Delivery of Price ActionThe breakout is expected to retest the $0.00100 key level before ascending to the $0.001130 major level.

How To Buy Lucky Block 

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.