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Lucky Block Price Forecast: June 8
The Lucky Block price forecast is for the market to convert to a bullish regime after it bounces off the $0.000072 support level.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0002980, $0.0001990, $0.0001690
Demand Zones: $0.0001420, $0.0001250, $0.0000880
The Lucky Block bulls dominate the market from the beginning of the second quarter year. The price kept pushing upward until it reached the $0.0001990 resistance level. The price was determined to keep rising but gradually lost intensity as the resistance refused to bulge. This led to a drop in price of $0.000072.
Lucky Block Price Forecast: LBLOCK/USD Outlook
Lucky Block will be looking to recapture the bullish intensity that characterized the market at the beginning of the second quarter.
The bulls had been restricted from carrying that intensity over the $0.0001990 supply line. This has caused the market to gradually slip into a bearish regime.
Nevertheless, at $0.0000880, the price is converting back to a bullish regime. The Envelope indicator that conducted the price downward seems to be bending and anchoring around the $0.0001100 key level.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
The RSI (Relative Strength Index) indicator, meanwhile, first rose to the overbought region during the initial bullish regime, then dropped to the midline, where it ranged for a while. Later on, the line plunged to the oversold border. However, as the bullish regime is building up again, the RSI line has risen close to the midline again.
The Envelope lines are already conducting the market in a lateral direction, ending the bearish regime’s attempt to set up the bullish regime. In response, the RSI line has already moved marginally above the middle line of the RSI chart. We can expect to see a more aggressive increase in market price to violate the $0.0001990 resistance level.
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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