Lucky Block Price Forecast: Lblock Confluence Zone to Support Bullish Run

Updated:

Lucky Block Price Forecast – May 2

The Lucky Block price forecast is for the market to recover strongly from its current downtrend with momentary bullish moves. The supply zones have been holding on while the demand zones have been failing multiple times. The bulls’ hope is currently revived with the confluence of the demand zone and the support trend line to aid bullish momentum.


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

Key Levels:
Supply Zones: $0.0019870, $0.0018430
Demand Zones: $0.0016540, $0.0012810
Lucky Block Price Forecast: Lblock Confluence Zone to Support Bullish RunThe first touch of the supporting trend line of the bearish parallel by Lblock initiated the bullish run to $0.0019870. Similarly, the previous demand zone at $0.0016540 resisted a bearish run for a significant period. The confluence of the supporting trend line and the demand zone at $0.0012810 is expected to resist further bearish runs and aid the bullish momentum.


Lucky Block Price Forecast: LBLOCK/USD Outlook

The Moving Average Convergence and Divergence indicator lines crossed beneath the midpoint on the 23rd of April. At the moment of the cross, the intraday candles were resting at the first point area of the supporting trend line. The effect was seen as the market was bullish for almost 48 hours.

At the same time, the MACD crossed below the equilibrium point at 0.000. The Parabolic SAR (Stop and Reverse) indicator immediately formed points to indicate the new bullish move on the 23rd of April.

The MACD (Moving Average Convergence Divergence), as well as the Parabolic SAR, signified a bullish move which eventually played out. This occurred on the 26th of April at the $0.0016540 demand zone.


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

The 5-minute chart is currently at a confluence of the support trend line and the demand zone at $0.0012810. The market has shown clear reactions by forming a change of character in the lower time frame.
Lucky Block Price Forecast: Lblock Confluence Zone to Support Bullish RunThe first touch of the demand zone at $0.0012810 bounced off rapidly. The bulls revealed their activeness in the zone. The demand zone is expected to prevent a further bullish run. The support trend line is also expected to aid the bulls towards the resistance trend line. The market has been ranging after multiple tests of the 5-minute chart. The bulls’ success in the demand zone, combined with the confluence of the trend line, is expected to push the market to $0.0016540.

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.