Lucky Block Price Forecast- LBLOCK/USD Experiences Bullish Breakout of the Descending Channel


Lucky Block Price Forecast- June 28

Lucky Block price forecast remains bullish even as the market has pierced the upper boundary of a descending channel. The bulls have revealed their willingness to seek higher prices.

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

Key Levels:
Zones of supply: $0.0011100, $0.0010700.
Zones of Demand: $0.0010240, $0.0009900
Lucky Block Price Forecast- LBLOCK/USD Experiences Bullish Breakout of the Descending ChannelLucky Block has bounced off the demand level at $0.000990. The market made a false break below $0.000990. The market is currently ascending towards $0.0010240.

Lucky Block Price Forecast: LBLOCK/USD Outlook

Lucky Block faced resistance at $0.001110. The market formed a head and holder reversal pattern. There was a displacement at the neckline test, which led to a $0.0010240 demand level. The market pressed on the lower Bollinger band. The Moving Averages also crossed, signifying bullishness. The bulls stormed the market rapidly and rallied to $0.001070.

Lucky Block had a double pattern formed at the resistance level of $0.001070. A bearish trend line was anchored at the lower high formed by the double pattern, and the Bollinger band acted as resistance. The market price fell to the $0.000990 demand level. The demand level was tested on the 27th.

During the early hours of today, a retest of the demand level led to a takeoff. The Bollinger Band supported the price at the demand level. The market has already leapt off the demand level at 0.0009900.

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

LBLOCK/USD bullish breakout is prominent on the five-minute chart. An ascending channel on the lower time frame led to a bullish breakout of the higher time frame’s descending channel.
Lucky Block Price Forecast- LBLOCK/USD Experiences Bullish Breakout of the Descending ChannelA retest of the descending channel is expected to provide sufficient momentum for a bullish surge. The market is expected to rise to the key level at $0.0010240.

How To Buy Lucky Block is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

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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.