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Lucky Block Price Forecast – September 16
The Lucky Block price forecast is for the market to strengthen itself at a stronger level of $0.0005590 to break the bearish trap.
LBLOCK/USD Long-Term Trend: Bullish (4-Hours Chart)
Zones of supply: $0.0009850, $0.0008360
Zones of Demand: $0.0006820, $0.0005590
LBLOCK is set to break the current bearish stronghold on the market at a stronger support level of $0.0005590. The price is on a bullish agenda and is strategically navigating its way through the several barriers that lie in its path. After breaking upward of the $0.0006820 significant level, Lucky Block kept flowing upward on a trendline till it was blocked at $0.0008360. As a result, the market is now strategizing on what to do to break through $0.0008360.
Lucky Block Price Forecast: LBLOCK/USD Outlook
LBLOCK is poised to break the bearish stronghold that has engulfed the market. On September 12th, the price attempted to break through $0.0008360, but it was quickly rejected.
In addition to the rejection suffered by the resistance level, sellers began putting the coin under a strain such that the Lucky Block began to consolidate into a triangle pattern. The buyers decided to also capitalize on this to strengthen the price.
After the candles reached the triangle tip on the 15th, the coin eventually broke out upward. However, momentum wasn’t fully formed, which allowed the sellers to pull the price downward again.
LBLOCK/USD Medium-Term Trend: Bullish (1-Hour chart)
The 5-minute chart shows that the candlesticks have re-aligned below the trendline and have set their course for a stronger support level at $0.0005590. By the time the price reaches that level, enough momentum will have been built into the coin and, from there, Lucky Block is certain to break out upward.
Due to the temporal downward movement of the coin, the EFI (Elders Force Index) line has dropped to a negative value. The MA period 10 also abides above the candlesticks in respect of the price movement. The Lucky Block is already building momentum as it approaches $0.0005590 and it could break out anytime from now towards $0.0008360.
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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