Lucky Block Price Forecast: LBLOCK/USD Gyrates Within Its Symmetrical Triangle

Updated:

Lucky Block Price Forecast – May 26

The Lucky Block price forecast is for the ascension of the market to $0.002460. The market is currently rising from the oversold region as seen from the Williams Percent Range.


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

Key Levels:
Supply Zones: $0.002650, $0.002520, $0.002380
Demand Zones: $0.002250, $0.002330, $0.002380
Lucky Block Price Forecast: LBLOCK/USD Gyrates Within Its Symmetrical TriangleLucky Block bounced on the demand level at $0.002250 on the 24th of May. The market was already oversold on the Stochastic and the Williams Percent Range. This led to a rise in market prices.


Lucky Block Price Forecast: LBLOCK/USD Outlook

LBLOCK/USD rallied from the demand level at $0.002250. The market ascended to meet resistance at $0.002520. The bulls were unable to surpass the previous high of $0.002650.

The previous highs and lows were not broken. The market has narrowed down to form a symmetrical triangle.

The market consolidated between $0.002460 and $0.002380. The Bollinger Bands trapped the price action within the demand and supply levels. A bullish breakout is currently anticipated on the Lucky Block as the market just tapped into the demand level at $0.002330.


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

An ascending triangle has formed in the lower time frame. A bullish breakout is anticipated in the lower time frame (5-minute chart) as well as the higher time frame (30-minute chart).
Lucky Block Price Forecast: LBLOCK/USD Gyrates Within Its Symmetrical TriangleA retest of the anticipated bullish breakout on the 5-minute chart is expected to eventually lead to a breakout in the higher time frame. The bulls are likely going to strike the next major level at $0.002460.

How To Buy Lucky Block 

Note: Learn2.trade 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.