Lucky Block Price Forecast: LBLOCK Breaks Out; Upward Drive Is Anticipated

Updated:

Lucky Block Price Forecast – September 15

The Lucky Block price forecast is for an imminent upsurge in price after the coin breaks out of its descending triangle pattern.

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

Key Levels:
Zones of supply: $0.0009850, $0.0008360
Zones of Demand: $0.0006820, $0.0005590
Lucky Block Price Forecast: LBLOCK Breaks Out; Upward Drive Is AnticipatedLucky Block breaks out of its descending channel pattern and is set for an upward drive to break the immediate resistance level at $0.0008360. Just before now, the market had been continuously grounded under pressure in the triangle pattern to strengthen the price for an upsurge. Things have gone according to plan thus far. The next plan is for an upward drive to break the resistance level.

Lucky Block Price Forecast: LBLOCK/USD Outlook

LBLOCK is gradually pushing against the downward presence with its strategic movements. The market bypassed the $0.0006820 level as resistance using an ascending triangle pattern.

With a firm footing above $0.0006820 as support, the price is now attempting to bypass the next resistance at $0.0008360. The market has conformed to a descending triangle pattern and it is expecting an upsurge.

The price broke out of the triangle pattern today after rebounding off the $0.0006820 support level. The breakout also means the market has traded to the upside of the MA period 10 (Moving Average).

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

On the 5-minute chart, having broken out of the triangular confinement, the price is now pulling back to test the upper border of the descending triangle pattern. Afterwards, LBLOCK is expected to push hard higher towards the resistance level.
Lucky Block Price Forecast: LBLOCK Breaks Out; Upward Drive Is AnticipatedThe MA period 10 is also acting as support below the candlesticks and is set to push the price upward. The RSI (Relative Strength Index) on the 5-minute chart has gradually moved above the zero level but is currently retracing. A reverse of the price line upward will also see the price commence its bullish drive to break $0.0008360.

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.