Lucky Block Price Forecast-LBLOCK Breaks Out Above Bearish Trend Line

Lucky Block Price Forecast- LBLOCK/USD Breaks Out From Bearish Trend Line

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Azeez Mustapha

Updated: 13 October 2022

Lucky Block Price Forecast- June 23

Lucky Block price forecast is bullish. The bullish candles have experienced a successful push through the bearish trend line on the one-hour time frame.

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

Key Levels:
Zones of supply: $0.0014200, $0.0011620.
Zones of Demand: $0.0008000, $0.0077200

LBLOCK Lucky Block bearish trend has terminated at the $0.0077200 demand level. The market tested the demand level twice, which resulted in a rise in the market price.

Lucky Block Price Forecast: LBLOCK/USD Outlook

Lucky Block attempted to break out of the bearish trend line on the 16th of May. The bulls had gained support at the $0.0077200 support level when the market was already in an oversold condition. This facilitated bullish action towards the bearish trend line resting above the intraday candles. The Moving Averages of Periods eighty-nine and two hundred crossed to signify bullishness.

The bulls eventually pushed through the bearish trend line but faced resistance at $0.0011600. The market dived back to the demand zone to gather more bullish momentum. The support level was tested again on the 19th of June. The retest of the support level caused the price to soar above the bearish trend line.

The market is currently moving sideways above the bearish trend line. The market is currently in an accumulation phase. This is likely to propel a bullish run above $0.001169.

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

LBLOCK/USD has formed a range above the demand level at $0.0097500. The Moving Averages of period eighty-nine and two hundred are seen to cross sideways above the $0.0097500 demand level.

LBLOCK

A retest of the bearish trend line is currently anticipated before a rise in price. The market is likely to soar to the next resistance level at $0.0011600.

How To Buy Lucky Block

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