Lucky Block Price Forecast: Lblock Bounces off of the Supporting Trend Line Within the Channel

Updated:

Lucky Block Price Forecast: May 12

The Lucky Block price forecast is positive for the bulls as the market creates an opportunity to ascend to $0.0030 with a supporting trend line.


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

Key Levels:
Supply Zones: $0.00180, $0.00160, $0.00140.
Demand Zones: $0.00130, $0.0011000, $0.0011800
Lucky Block Price Forecast: Lblock Bounces off of the Supporting Trend Line Within the ChannelLBLOCK/USD bounced off the demand zone on May 1st. The MACD (Moving Average Convergence Divergence) indicator crossed below point 0 to signify bullishness. The Parabolic Stop and reverse indicator were also early to confirm the bullish run. This caused DEFI’s price to rise to $0.00180.


Lucky Block Price Prediction: LBLOCK/USD Market Reversal Expected

On the 3rd of May, during the early hours of the day, Defi struck resistance at $0.00108. The MACD closed above the zero point. The effect was seen in the sell-off from the resistance zone.

The market retraced higher to hit the trend line at $0.00160. This caused a sell-off to $0.00100. The demand zone was utilized to go long. The MACD crossed beneath the midpoint on the 9th as the Parabolic SAR signified a bullish reversal.

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 sell-off.


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

LBlock formed lower highs and lower lows to the supporting trend line. The supporting trend line is expected to prevent lower pricing in the market.
Lucky Block Price Forecast: Lblock Bounces off of the Supporting Trend Line Within the ChannelThe market has leapt off the support trend line. The market is expected to rise to the upside of the parallel channel at $0.00140.

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.