Lucky Block Price Forecast: LBLOCK/USD Initiates Buy-Side Delivery of Price Action

Updated:

Lucky Block Price Forecast: June 9

The Lucky Block price forecast calls for a rise in market price to $0.001520. The market has reversed from $0.001300.


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

Key Levels:
Supply Zones: $0.001520, $0.001600
Demand Zones: $0.001300, $0.001380
Lucky Block Price Forecast: LBLOCK/USD Initiates Buy-Side Delivery of Price ActionLucky Block market was oversold during the first half of the day on the 7th of May. A break in market structure to the downside prompted a reach to the demand level at $0.001300.


Lucky Block Price Forecast: LBLOCK/USD Outlook

Lucky Block tested the support level twice on the 7th of June. A ChoCh (Change of Character) formed on the support level. The Choch left a bullish order block unmitigated as the market rallied. The market moved away from the oversold region after the ChoCh was formed.

The bullish candles rose past the Bollinger Band’s Moving Average (red line) after the market reversal at the support level. The bulls pressed on the resisting bands of the Bollinger before the close of the day on the 7th. The Williams % R (Williams Percent Range) signified that the market was already oversold. This caused a temporary selloff in the buy-side delivery of Lucky Block.

LBLOCK/USD has reached the lower border of the ascending channel. The lower border is expected to act as a support level to continue the upward price movement. The candles are currently pressed on the lower Bollinger Band on the 30-minute chart. The William’s % R is also showing readiness for a buy.


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

LBLOCK/USD market experienced a ChoCh (Change of Character) to mitigate the bullish order block. The intraday candles moved below the midline of the Bollinger Bands as the market moved away from the oversold region on the 8th of May.
Lucky Block Price Forecast: LBLOCK/USD Initiates Buy-Side Delivery of Price ActionThe market has experienced multiple breaks of structure (BOS). The bearish BOS has to lead to the bullish order block above $0.001300. The market is expected to soar to $0.001380 at the major level.

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.