Lucky Block Price Forecast: LBLOCK/USD Ascends With a Bullish Trend Line

Updated:

Lucky Block Price Forecast – May 27

The Lucky Block price forecast is for the continuation of the ascending market with the aid of the bullish trendline.


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

Key Levels:
Supply Zones: $0.002830, $0.001360
Demand Zones: $0.00790, $0.002140
Lucky Block Price Forecast: LBLOCK/USD Ascends With a Bullish Trend LineLucky Block has turned bullish since the 12th of May. The market reversed at the 0.000790 demand level. After a shift in market structure, the market price ascended on the bullish trend line.


Lucky Block Price Forecast: LBLOCK/USD Outlook

LBLOCK/USD bounced back and forth within an ascending channel from the 12th to the 19th of May. The market faced resistance at the $0.001360 resistance level on the 17th of May. On the 19th of May, the Moving Averages for periods nine and twenty-one crossed on the bullish trend line to signify bullishness. The MACD (Moving Average Convergence Divergence) also crossed below the zero point in the indicator phase.

The ascending trend line provided sufficient support to break the resistance at $0.001360. The bullish breakout caused a rapid rise in Lucky Block’s value. The buying pressure didn’t give room for a retest of the ascending channel before the takeoff of the bulls.

The market faced resistance at $0.2830. The resistance level was tested twice after the bullish surge. The market is currently descending through a creek to find support for a bullish breakout of $0.002830.


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

The market is currently driving towards the bullish trend line to find support. Opportunities exist for scalpers to take advantage of the gyration within the creek.
Lucky Block Price Forecast: LBLOCK/USD Ascends With a Bullish Trend LineCurrently, the ascending trend line lies between $0.002140 and $0.001360 key levels. The bulls are expected to utilize the ascending trend line to go long towards the key level at $0.002140.

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.