Lucky Block Price Forecast: LBLOCK Experiences a Bullish Reversal

Updated:

Lucky Block Price Forecast- June 14

Lucky Block price forecast is positive as the market has experienced a change in the delivery state.

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

Key Levels:
Supply Zones: $0.001700, $0.001450
Demand Zones: $0.00100, $0.000760
Lucky Block Price Forecast: LBLOCK Experiences a Bullish Reversal
Lucky Block market has experienced a significant leap off the support level at $0.00760. The market has reached the previous demand level at $0.00100.

Lucky Block Price Forecast: LBLOCK/USD Outlook

Lucky Block consolidated after the market spiked on the 3rd of June. The market formed a range with very small-sized candles from the 3rd of June till the 6th of June 2021. The Moving Averages cross (periods nine and twenty) signified a fall in price. The market dropped below $0.001450, which caused a minor break in the structure.

LBLOCK/USD experienced a second structure break below the supply level at $0.001450. The Moving Averages crossed on the 8th of June. The bulls made a first attempt to go long at $0.00100. The bulls were only able to break an internal low. Based on the Relative Strength Index (RSI), the market moved to the oversold region. This bullish divergence was spotted with the RSI as the market dived into the oversold region. This led to a swing low on Lucky Block above the demand level at $0.00706. The Moving Averages have also crossed to signify the new bullish trend.

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

LBLOCK/USD has broken the bearish trend line that guided the bears. A higher low has been formed after the test of the demand level at $0.000760. A retest is expected to prompt further buying of Lucky Block.
Lucky Block Price Forecast: LBLOCK Experiences a Bullish ReversalLucky block is expected to breakout above the demand level. The next supply level at $0.00100 appears to be the next aim for the bulls.

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.