Lucky Block Price Forecast- LBLOCK/USD Fills up Market Imbalance

Updated:

Lucky Block Price Forecast- June 30

Lucky Block price forecast calls for a bullish market reversal above the $0.000800 demand level.

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

Key Levels:
Zones of supply: $0.001180, $0.001100.
Zones of Demand: $0.000970, $0.000800

Lucky Block Price Forecast- LBLOCK/USD Fills up Market ImbalanceLucky Block has descended through a bearish channel below the demand level at $0.0000970. The market has cleared equal lows at $0.000970 to mitigate the bullish order block beneath the lows.

Lucky Block Price Forecast: LBLOCK/USD Outlook

LBLOCK/USD market soared from the demand level at $0.000800 on the 19th of June to the supply level at $0.001100 on the 25th of June. The sudden pump at the demand level left a fair value gap beneath $0.000970. The Moving Averages (periods of eighty-nine and two hundred) crossed at the supply level. This was a sign of a retracement to fill up the market imbalance.

Lucky Block appears to form a new higher low in the 30-minute time frame. The market has dived into a fair value gap to fill the market imbalance. The bullish order Lblock at the fair value gap is expected to promote the rise of the price of the Lucky Block upon a test.

The market has descended through a creek to fill up the market imbalance created on the 19th of June. The bulls are set to resume their bullish run as the fair value gap closes up. The market is already oversold in the 30-minute timeframe. The upward motion is set to resume in the Lucky Block market.

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

LBLOCK/USD is also oversold on the 5-minute chart, as it is on the 30-minute time frame. This is likely to result in a bullish structural shift.
Lucky Block Price Forecast- LBLOCK/USD Fills up Market Imbalance The bearish creek is likely to be violated with the anticipated bullish motion. The bullish trend line is expected to provide support for the bulls to go long as the market is likely to reach up to $0.001100.

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.