Lucky Block Price Forecast: LBLOCK Is Consolidating in a Triangle for a Breakout

Updated:

Lucky Block Price Forecast: September 14

The Lucky Block price forecast is for the market to break to the upside of the current triangle pattern in which it is consolidating.

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

Key Levels:
Zones of supply: $0.000940, $0.000810, $0.000750
Zones of Demand: $0.000670, $0.000630, $0.000500
Lucky Block Price Forecast: LBLOCK Is Consolidating in a Triangle for a BreakoutLBLOCK price is now consolidating through a triangle system to gain more upward momentum and drive past the $0.000810 resistance level. The underlying support level of $0.000670 is very crucial to the eventual bullish drive of the market, but the support level can be banked on. LBLOCK is set for a rally.

Lucky Block Price Forecast: LBLOCK/USD Outlook

The buyers are slowly reclaiming the market. This started when the price dropped to $0.000500. The buyers had become energized, so they pushed hard at the resistance level of $0.000670.

The $0.000670 level eventually gave way to becoming a support for the market, which rose above it. Lucky Block is now attempting to break through the next major barrier at $0.000810.

The market has reverted to consolidating in a triangle formation. As a result, the Bollinger Bands are squeezing against the candles. It can be noticed that the RSI (Relative Strength Index) line is tapering into a triangle. The market’s rise is imminent.

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

On the 5-minute chart, there is much agitation in the market as the price tapers more and more into the triangle pattern. The coin is about to get to the tip of the triangle, and as this continues, the Bollinger Bands keep squeezing into the market. A break out is thus imminent.
Lucky Block Price Forecast: LBLOCK Is Consolidating in a Triangle for a BreakoutAlso, the line of the RSI indicator on the 5-mins chart shows a strong and consistent uptrend line underlying. This points to the fact that the market is less likely to break out to the downside of the triangle system than the upside. When this happens, LBLOCK will drive past the $0.000750 and $0.000810 key levels to reach $0.000940.

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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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.