Lucky Block Price Forecast: LBLOCK/USD Advances Towards a Bullish Zone

Updated:

Lucky Block Price Forecast – June 3

The Lucky Block price forecast anticipates a bullish reversal in a prominent demand zone.

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

Key Levels:
Supply Zones: $0.00280, $0.00180
Demand Zones: $0.00120, $0.0080

Lucky Block Price Forecast: LBLOCK/USD Advances Towards a Bullish ZoneLucky Block experienced a structural market shift at $0.00080. The market skyrocketed from the $0.00120 demand level. The Relative Strength Index (RSI) signified the bulls were ready to go long. The RSI was oversold on the 19th of May, just before the bullish takeoff.

Lucky Block Price Forecast: LBLOCK/USD Outlook

Lucky Block has currently reached the first support level at $0.00120. There was a bigger change of character at the support level. The character change eventually caused the market to sweep the most recent highs before the bullish reversal.

The major resistance zone at $0.00280 prevented further bullish motion on the 20th of May. This caused the selloff in the market. The selloff was an opportunity for the bulls to gather momentum from a significant support zone. There was a bearish structural shift at $0.00280.

The recent lows were formed before the resistance at $0.00280 was invalidated. The market pushed below the lows to initiate the dive to the support level.

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

LBLOCK/USD has currently arrived at the first support level. The market is currently trading at 78.6% of the Fibonacci level.
Lucky Block Price Forecast: LBLOCK/USD Advances Towards a Bullish ZoneThe bulls are expected to protect the demand level at $0.00120. $0.00180 appears to be the next bullish pull in price after the anticipated reversal at the demand 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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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.