Lucky Block Price Forecast: LBLOCK/USD Fills up Market Inefficiency

Updated:

Lucky Block Price Forecast: June 7

The Lucky Block price forecast is bullish. The market has completed its retracement to fill the imbalance below $0.001550.


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

Key Levels:
Supply Zones: $0.002050, $0.001800
Demand Zones: $0.001550, $0.001220

Lucky Block Price Forecast: LBLOCK/USD Fills up Market InefficiencyLucky Block completed its sell-side delivery on the 3rd of May. The market broke through the demand zone at $0.001550 to reach the support level at $0.001220.


Lucky Block Price Forecast: LBLOCK/USD Outlook

Lucky Block market dipped into the oversold region on the 3rd of May. The Stochastic indicator dived below 40 in the indicator phase. The RSI (Relative Strength Index) indicator is also correlated with the stochastic. This caused a sudden bullish surge from the $0.001220 support level.

The bullish surge moved rapidly. The market leapt above the key level at $0.001550. The region between $0.001550 and $0.001220 was inefficiently traded. The market gyrated sideways till the 6th of May. The Stochastic was oversold on the 6th of May. This led to the retracement filling up the gap above $0.001220.

The market is currently oversold. The RSI indicator and the Stochastic have filled up the market inefficiency. The bullish rally is expected to resume immediately.


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

LBLOCK/USD descended within a bearish channel to fill up the market’s inefficiency. A breakout is expected to violate the descending channel to the upside.
Lucky Block Price Forecast: LBLOCK/USD Fills up Market InefficiencyThe demand level at $0.001220 has been properly mitigated. The bulls are expected to soar to the next key level at $0.001550.

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.