Lucky Block Price Forecast: LBLOCK/USD ascends through a rising wedge


Lucky Block Price Forecast: June 17

The Lucky Block price forecast is bullish. The market has returned to the support trend line to continue the bullish momentum.

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

Key Levels:
Supply Zones: $0.0014500, $0.0013700
Demand Zones: $0.0007600, $0.0008630
Lucky Block Price Forecast: LBLOCK/USD ascends through a rising wedge
The market has continued to form higher highs and lower lows. The bulls are driving the market towards $0.0013700

Lucky Block Price Forecast: LBLOCK/USD Outlook

Lucky Block is currently ascending through a rising wedge. The demand level at $0.0007600 gave the bulls sufficient support for a change in market direction. There were multiple confirmations at the support level. The MACD (Moving Average Convergence Divergence) indicator was oversold. The Moving Average period nine crossed above the Moving Average period twenty-one at the support level. This led to a successful bullish reversal on the 14th of June.

On the 15th of June, after the market reversal, there was a return to the order block deposited the previous day. The gaps were filled as the market demand level was efficiently mitigated. The test of the order block led to an upthrust that caused a breakout of the symmetrical triangle.

The market has returned to the ascending trend line anchored to the higher lows from the support level at $0.0007600. The Parabolic SAR (Stop and Reverse) is already signalling bullishness with multiple points forming below the candles on the 30-minute timeframe. The MACD indicator has also crossed below in the oversold region to signify the continuation of the bullish trend.

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

LBLOCK/USD is already rising from the supporting trend line on the 5-minute chart. A bullish shift in market structure is obvious on the trend line.
Lucky Block Price Forecast: LBLOCK/USD ascends through a rising wedge The market is expected to continue to ascend through the rising wedge. The bulls are still rising to the next resistance level at $0.0013700.

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.