Lucky Block Price Forecast: LBLOCK/USD Breaks Out to the Upside From a Symmetrical Triangle

Updated:

Lucky Block Price Forecast: June 16

The Lucky Block price forecast is bullish. The market has leapt above the major level at $0.001000.


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

Key Levels:
Supply Zones: $0.001700, $0.001450
Demand Zones: $0.00100, $0.000760
Lucky Block Price Forecast: LBLOCK/USD Breaks Out to the Upside From a Symmetrical TriangleThe market has been rising steadily since the 14th of June. A bullish breakout from a symmetrical triangle is prominent in Lucky Block’s intraday time frame.


Lucky Block Price Forecast: LBLOCK/USD Outlook

Lucky Block bearish run has halted with the bullish market reversal at the $0.000760 support level. The Williams % R (Williams Percent Range) indicator showed the market was oversold. The bulls went long heavily from the support level.

A symmetrical triangle formed as the market direction changed from bearish to bullish. The price action narrowed down to a point from the 13th of June to the 16th of June. The Moving Averages period nine crossed the Moving Average period twenty-one at the termination of the symmetrical triangle. This result was evident as a bullish breakout. The bulls leapt off the critical level at $0.001000 as the market leapt off.

A bullish confluence has formed with the ascending trend line and the support zone at $0.001000. There is still room to reach for higher prices on Lucky Block’s market as the Williams % R is oversold on the 30-minute chart.


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

LBLOCK/USD is expected to retest the support level (at $0.001000) after the breakout. The bulls are expected to utilize the confluence of the ascending trend line and the support level to go long.
Lucky Block Price Forecast: LBLOCK/USD Breaks Out to the Upside From a Symmetrical TriangleThe market pull is above $0.001000, where there is liquidity. The Lucky Block’s price is expected to rise towards the $0.001450 supply zone.

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.