Lucky Block Price Forecast: LBlock Climbs Past $0.0020830 Resistance

Updated:

Lucky Block Price Forecast – April 19

The lucky block price forecast is towards the market, which tapped into the supply zone at $0.0021420 on the 18th. The bears went short of the significant zone. This caused the previous low of $0.0020840 to give way. The break in market structure caused a structural shift in the market.


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

Major Market Zones:
Demand Zones: $0.0017990, $0.0018780
Supply Zones: $0.0020830, $0.0021420
Lucky Block Price Forecast: LBlock Climbs Next Resistance at $0.0020830.The Moving Averages period 9 and 21 also crossed on the 18th of this month. The Moving Average crossed above the bullish candle within many other bearish candles in the 30 minute time frame. There was a retest of the Moving Average period twenty-one on the 19th of the month. This caused an increase in the speed of the sell-off to the key level at $0.0017990. An internal high was formed at $0.0018780. The LBLOCK/USD buyers stormed the market at the $0.0017990 demand zone. This caused the internal high to be swept away.


Lucky Block Price Forecast: LBLOCK/USD Anticipation

The buying pressure made the market pump rapidly to $0.0020830. The surge from $0.0018780 to $0.0020830 left gaps within the zones.

A swing high formed at the resistance level of $0.0020830. The market crashed back to fill the gaps. The drawback is expected to gather more bullish energy to attack the highs at $0.002083. The initial gap has been cleared in the market.

The market has been creeping since the demand zone at $0.00187800 was hit. There has not been any volatile movement in the market since the demand zone at $0.0018780 was reached. The trend line is anchored at the low, formed in the $0.0017990 demand zone.


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

The Moving Averages are currently resting below the bodies of the candles, signifying bullishness in the market. An ascending trend line creates support for the lucky block.
Lucky Block Price Forecast: LBlock Climbs Next Resistance at $0.0020830.The market is expected to fly towards the $0.0020839 zone after the current short-term consolidation is over.

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.