Lucky Block Price Forecast: LBLOCK/USD Finds Support in the Previous Supply Zone

Updated:

Lucky Block Price Forecast – May 24

The Lucky Block price forecast of $0.00280 is the next target of the bulls. There has been a double test of the $0.00280 level due to the pull of price.


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

Key Levels:
Supply Zones: $0.00280, $0.00230.
Demand Zones: $0.00180, $0.00130
Lucky Block Price Forecast: LBLOCK/USD Finds Support in the Previous Supply Zone.LBLOCK/USD spike caused a market inefficiency. A gap formed after the bullish spike on the 20th of April has been filled up. The spike was initiated at the $0.00280 resistance level. The market was extremely volatile on the 20th. The market dipped suddenly from $0.00280 to $0.00180 within only two hours.


Lucky Block Price Forecast: LBLOCK/USD Outlook

The market crawled up to fill the gap between $0.00280 and $0.00230. The bulls have shown a willingness to break through the resistance level at $0.00280. The supply zone has been tested twice by the bulls.

The bulls seem persistent in their willingness to ascend further beyond $0.00280. The Moving Averages have switched their position to support bullishness at the $0.00230 demand zone.

A shadow formed below the last candle at the $0.00230 support level. Multiple bullish candles have formed after the support level was struck. The Parabolic SAR (Stop and Reverse) has also signified a new bullish run.


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

The 5-minute chart shows a change in market direction. A bullish breakout is prominent in the lower timeframe.
Lucky Block Price Forecast: LBLOCK/USD Finds Support in the Previous Supply Zone.The demand zone at $0.00230 is expected to hold the price. The bullish structural shift is obvious on the five-minute chart. The market is expected to rise to $0.00280.

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.