Lucky Block Price Forecast- LBLOCK/USD Bullish Divergence Is Set to Facilitate a Bullish Rally

Updated:

Lucky Block Price Forecast- June 27

Lucky Block price forecast is bullish. The market has narrowed down from extreme highs and lows to rest between the major zones at $0.0011000. and $0.0009700.

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

Key Levels:
Zones of supply: $0.0011000, $0.0011800.
Zones of Demand: $0.0009700, $0.0008000
Lucky Block Price Forecast- LBLOCK/USD Bullish Divergence Is Set to Facilitate a Bullish RallyLucky Block market has formed significant lower highs and higher lows on the intraday time frame. This has caused the price action to narrow to the terminal point of a symmetrical triangle.

Lucky Block Price Forecast: LBLOCK/USD Outlook

Lucky Block demand zones have successfully protected the lows since the 13th of June when the demand zone at $0.000800 was tested. The market was oversold on the 13th of June. This prompted the buying pressure towards resistance levels in the Lucky Block market.

A higher low was also formed on the 19th of June. The faster Moving Averages (period nine) crossed the slower moving average (period twenty-one) to the upper side to signify bullishness. The moving average cross occurred when the market was oversold, as seen on the Relative Strength Index (Indicator). This led to the bullish take-off towards resistance levels.

A bullish divergence has been spotted on the 30-minute chart. The Relative Strength Index has given an early bullish signal with the formation of a higher low which is opposite to the lower low on the chart.

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

LBLOCK/USD has experienced a bullish structural shift above the bullish trend line. A bearish order block has been invalidated. This is a clear sign that the bulls have regained control of the market.
Lucky Block Price Forecast- LBLOCK/USD Bullish Divergence Is Set to Facilitate a Bullish RallyThe Moving Averages are seen to support the bullish move. The market is likely to reach for the resistance level at $0.0011000.

 

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.