Lucky Block Price Forecast: LBLOCK/USD Anticipates a Reversal From the Demand Level

Updated:

Lucky Block Price Forecast – April 8

The Lucky Block price forecast is for a market reversal at the significant demand level of $0.00264600.


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

Key Levels:
Supply Zones: $0.00360520, $0.00336565
Demand Zones: $0.00220000, $0.00264600
Lucky Block Price Prediction: LBLOCK/USD Anticipates a Reversal From the Demand LevelLBLOCK/USD is resorting to strengthening itself from a major demand level at $0.00264600 to proceed with its upward trajectory. After failing to breach the supply line at $0.00336565, the market is sliding downward similarly to have enough room to drive upwards towards the supply level. The market has to simultaneously break the $0.00360520 price level to not drop back into depression.


Lucky Block Price Forecast: LBLOCK/USD Anticipation

LBLOCK has been conducted downward through a conduit, but the price has broken free from the constraint.

The next agenda item for market investors is to break the supply level of $0.00336565, proving impenetrable.

Hence, Lblock is dropping to a lower level to attack the supply again. The price is trading close to the oversold level on the Relative Strength Index (RSI) indicator.


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

As the price drops, the price has been trading below the MA period 50 (Moving Average) on the 30-minute chart. The same can be said of the 5-minute chart. The market has continuously broken through key levels as it drops towards the $0.00264600 significant demand level.
Lucky Block Price Prediction: LBLOCK/USD Anticipates a Reversal From the Demand LevelThe RSI on the 5-minute chart is undulating at mid-level. It is predicted that the RSI line will eventually drop to a nearly oversold region before the bullish instincts in the market are triggered again. Lucky Block is expected to spring up from the demand level to break the two supply levels.

How To Buy Lucky Block 

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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.