Lucky Block Price Forecast: Lblock Is Set to Push up at a Significant Confluence Zone

Updated:

Lucky Block Price Forecast – May 31

The Lucky Block price forecast is aiming for the resistance level at $0.00280.
 

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

Key Levels: 
Supply Zones: $0.00280, $0.0020
Demand Zones: $0.00140, $0.0080 
Lucky Block Price Forecast: Lblock Is Set to Push up at a Significant Confluence ZoneLucky Block returns to a confluence level below $0.0020 and $0.00140. Two major supporting trend lines have crossed to provide support for bullish action.
 

Lucky Block Price Forecast: LBLOCK/USD Outlook 

LBLOCK/USD bulls’ bullish trend line has crossed with the bearish trend line that formed support on Lucky Block. The market switched from bearish to bullish after striking the support level at $0.00080.
 
The RSI (Relative Strength Indicator) is currently oversold in the indicator phase. Stochastic has also signified that the market is also in an oversold state. This is likely to prompt the purchase of a lucky block. 
 
The confluence zone of both the ascending trend line and the descending trend line is expected to halt the retracement on Lucky Block. The confluence level appears to rescue the weak demand level.
 
Once again, the ADX has currently risen above the 50 mark, just like on the 20th of May. This ADX indicator reveals that the strength of the bearish trend is weak, and the strength of the bullish trend is very energetic.
 

Medium-Term Trend: Bullish (5-minute chart) 

The Stochastic indicator is signifying oversold on the lower time frame. Similarly, the RSI is oversold in the lower time frame. The market is expected to resume buying immediately. 
Lucky Block Price Forecast: Lblock Is Set to Push up at a Significant Confluence ZoneThe minor demand zone on the current bullish swing will help the market push up above $0.002530. The confluence zone is expected to push the market to $0.00280.
 
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.