Lucky Block Price Forecast: Lblock Breaks Market Structure to the Upside
Login

Lucky Block Price Forecast: Lblock Breaks the Market Structure to the Upside

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Lucky Block Price Forecast: May 16

The Lucky Block price forecast is for an obvious increase in price as the market sweeps previous highs to form higher highs in the market.


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

Key Levels:
Supply Zones: $0.001160, $0.001100
Demand Zones: $0.000920, $0.000800
Lucky Block Price Forecast: Lblock Breaks the Market Structure to the Upside LBLOCK/USD dive in price ended as the market was already oversold. The Williams Percent Range (WPR) signified an oversold market on the 30-minute chart. The market rallied significantly in an attempt to violate the previous high.


Lucky Block Price Forecast: LBLOCK/USD Market Outlook

The initial surge from the support level at $0.000800 failed to reach the previous high formed during the early hours of the 12th. The market retraced to gather momentum, which was eventually used to form a change in market direction.

In between the major low formed on the 14th of May and the current daily high, the market formed intermediary higher highs and lows. There was a continuous break of structure towards the resistance zone in the market. The smaller higher highs and higher lows eventually formed the larger break in the market structure above the $0.001100 resistance level.

A new high was formed today after breaking the resistance at $0.001100 in the market. The Williams %R and the Stochastic were over-bought. The market rally paused at $0.001160 before the retracement was initiated.


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

The market is currently retracing back towards the ascending trend line. The last swing is still in premium, hence the market is still expected to dip to the support trend line to continue the bullish run.
Lucky Block Price Forecast: Lblock Breaks the Market Structure to the Upside The bulls are expected to utilize the supporting trend line to foster upward movements towards $0.001160.

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.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News