Lucky Block Price Forecast: Lblock Fills up Gap Caused by Bullish Impulse

Lucky Block Price Forecast: LBLOCK/USD Fills up the Gap Caused by Bullish Impulse

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Azeez Mustapha

Updated: 13 October 2022

Lucky Block Price Forecast – June 1

The Lucky Block price forecast is that the market inefficiencies would be effectively mitigated to fill more buying orders.

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

Key Levels:
Supply Zones: $0.00280, $0.00250
Demand Zones: $0.00130, $0.0090
Lucky Block is currently in a bullish swing discount. The bulls created market imbalances due to the aggressive motion from $0.00900 to $0.00280. The correction phase of the bullish rally is gradually filling up the gaps.

Lucky Block Price Forecast: LBLOCK/USD Outlook

LBLOCK/USD fills up the imbalance created on the 18th and 19th of May. The imbalance was filled halfway on the 20th of March. The MACD (Moving Average Convergence Divergence) indicator was oversold at the $0.00280 resistance zone. This led to a bearish spike that covered the inefficiency halfway.

The market sucked up rapidly after the spike to initiate the correction. On the 31st of May, the market moved below the 50% equilibrium. More of the inefficiencies have been mitigated since the 31st of May.

The confluence zone of both the ascending trend line and the descending trend line is expected to halt the retracement on Lucky Block. The confluence level appears to rescue the weak demand level. The MACD has crossed below 0.0001 on the indicator phase. This is expected to prompt the resumption of the ascending motion of Lucky Block.

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

LBLOCK/USD correction phase is almost over as the market is currently at a discount below the 50% Fibonacci level. The discount prices are favourable for the bulls to increase their profit margin.
The bulls are expected to go long from the support level at $0.001300 to reach the premium price. The market is expected to rise to $0.2500.

How To Buy Lucky Block

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