Lucky Block Price Forecast: LBLOCK/USD Ascends Through the Rising Wedge

Updated:

Lucky Block Price Forecast- June 21

Lucky Block price is bullish. The Lucky Block has continuously formed higher highs and lows through the rising wedge.

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

Key Levels:
Zones of supply: $0.001100, $0.001180.
Zones of Demand: $0.000800, $0.000970
Lucky Block Price Forecast: LBLOCK/USD Ascends Through the Rising Wedge
LBLOCK/USD market initiated the current bullish run on the 18th of June. The Lucky Block ascended from the oversold region through the rising wedge.

Lucky Block Price Forecast: LBLOCK/USD Outlook

LBLOCK/USD market was revealed to be already oversold by the Stochastic Indicator. The bearish candles pressed upon the lower Bands of the Bollinger in the oversold region. This led to the upthrust that caused a market reversal.

Lucky block bearish candles rose above the midline of the Bollinger Bands to reveal the market’s bullishness. The major level at $0.000970 was broken as the market soared through the zone. The bulls saw resistance under the ascending trend line. The Parabolic SAR (Stop and Reverse) indicator gave an early signal of a price drop.

The bulls received support at the confluence zone. The demand zone and the ascending trend line crossed to support the bulls sufficiently. The market has remained in a clear uptrend with no structural signs of a market reversal.

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

LBLOCK/USD is currently retracing to the supporting trend line. This is expected to promote the purchase of Lucky Block.
Lucky Block Price Forecast: LBLOCK/USD Ascends Through the Rising Wedge The market is also bullish on the lower-time frame, just like on the higher time frame. The market is expected to bounce off towards the $0.001100 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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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.