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Lucky Block Price Forecast: June 15
The Lucky Block price forecast is that the market will shoot upward after it evades the $0.0001100 significant key level.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0002980, $0.0002740, $0.0001990
Demand Zones: $0.0001880, $0.0001570, $0.0001420
The Lucky Block market has dropped below the $0.0001990 resistance level after a sustained period of trying. The price fell below several levels to reach the $0.0000880 demand level. Nevertheless, the bearish tenure has ended, and buyers have begun influencing the market. An initial test at the $0.0001420 resistance is expected to be followed by a breakout.
Lucky Block Price Forecast: LBLOCK/USD Outlook
The Lucky Block market is gradually transitioning into a bullish one after the bearish tenure ends at the $0.0001100 demand level.
The buyers are trying to employ a bullish reversal formation to push the market upward. The price has touched the support level twice to form a double bottom structure.
Once the market evades $0.0001100, it will rise further to break the neckline, thereby setting the coin on a bullish spree. On the daily chart, the Parabolic SAR (Stop and Reverse) dots remain above the candles and are yet to confirm a reversal.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
Despite the drop in price up to this point, the bulls have tried to keep the market as close to equilibrium as possible. Therefore, the EFI (Elders Force Index) powerline can be seen as aligned very close to the zero level.
The Parabolic SAR dots on the 4-hour chart have confirmed a rising market off the $0.0000880 demand level and have lined below the candles. Still around the equilibrium level, the bulls have prevented the EFI line from dropping below the zero level. Once the price evades the $0.0001100 key level, it is likely to break the $0.0001420 neckline and surge back toward the $0.0001990 resistance.
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.
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