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

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 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.
The 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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