Lucky Block Price Forecast: LBLOCK/USD Bulls React at the Support Level

Updated:

Lucky Block Price Forecast – April 25

The Lucky Block price forecast shows early signs that the bulls are active at the $0.0017980 demand zone. The demand zone has prevented further bearishness in that price successfully in recent times.


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

Key Levels:
Supply Zones: $0.0019830, $0.0020790
Demand Zones: $0.0017980, $0.0018750
Lucky Block Price Forecast: LBLOCK/USD Bulls React at the Support LevelLBLOCK/USD has tested the demand zone at $0.0017980 twice since April 19th. The market is currently testing the zone for the third time. The demand level caused an influx of bulls to storm the market heavily. This caused a surge of bullish activity, leading to higher pricing for LBlock. The resistance zone at $0.0019830 could not stop the bullish run.


Lucky Block Price Forecast: LBLOCK/USD Outlook

The bullish surge from $0.0017980 eventually reached $0.0020790 with a shadow on the 20th of April. After a momentary reversal at the supply level, the market dipped into another higher demand zone at $0.0018750.

The demand zone at $0.0018750 formed a higher low when compared to the low at $0.0017980. Once again, the bulls were helped to go long to the resistance zone at $0.0020790.

The demand zone was also tested again at $0.0017980. The market was oversold, as revealed by the Stochastic indicator and the MACD.


LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)

The 5-minute chart created a head and shoulders pattern to fill up the large bullish candle. The market formed a structural shift after reaching $0.0019830. This further led to lower highs and lows. The correction was eventually completed. The correction extended more than the impulse to tap into $0.0017980.
Lucky Block Price Forecast: LBLOCK/USD Bulls React at the Support LevelThe market has created a significant reaction in the demand zone at $0.0017980. The intermediate lows before the demand zone have been swept. The market also created a gap as it swept the intermediate lows. The displacement from the zone shows the bulls are active in the demand zone. The Moving Average Convergence Divergence indicator displays the market is currently bullish on the lower time frame. The market is expected to reach $0.0018750.

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.