Lucky Block Price Forecast: LBLOCK/USD Initiates Bullish Rally

Updated:

Lucky Block Price Forecast – April 29

The Lucky Block price forecast has turned bullish with the most recent change in the market direction. The weak to strong hand transfer has shown a bullish footprint in the market.


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

Key Levels:
Supply Zones: $0.0018180, $0.0017280
Demand Zones: $0.0016460, $0.001670
Lucky Block Price Forecast: LBLOCK/USD Initiates Bullish RallyLBLOCK/USD has clearly revealed a change of character in its price action. An institutional candle was formed on the 28th of April to expose the bullish intention of ruling the market. The breakout of the chart pattern rose to $0.0016770. The previous demand zone at $0.001677 failed to switch resistance in the market.


Lucky Block Price Forecast: LBLOCK/USD Expectation

The willingness of the bulls is obvious as the market formed eight bullish candles yesterday. The bearish move that led the price into the demand zone at $0.0016460 was very lethargic. The relatively smaller candles have confirmed the bears’ weakness in the market.

The LBlock bulls took advantage of the demand zone at $0.001646. The market bounced out of the demand zone as the bulls went long. At the $0.0016460 level, the Momentum indicator signals that the market was oversold.

The pump in the price caused the market to reach $0.001728. The market retraced after reaching resistance in the supply zone.


LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)

The market has returned to mitigate the 30-minute order block. The market’s intraday structural shift violated the internal lows to reach the demand zone at $0.0016770. The MACD is currently crossing below equilibrium to signify the initiation of the new bullish activity.
Lucky Block Price Forecast: LBLOCK/USD Initiates Bullish Rally The market is expected to gather sufficient energy from the $0.0016460 demand zone to push through the equal high at slightly under $0.0017280. The supply zone at $0.0018180 remains the prominent short-term goal for the buyers.

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.