Lucky Block Price Forecast: LBLOCK/USD Is Pushing to Break Its Bearish Trend

Updated:

Lucky Block Price Forecast – March 29

The Lucky Block price forecast is for the market to break its current bearish trend. This will be done by breaking upward out of its current channel and holding above it.


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

Key Levels:
Resistance Levels: $0.00336565, $0.00474100
Supply Levels: $0.00220000, $0.00134480
Lucky Block Price Forecast: LBLOCK/USD Is Pushing to Break Its Bearish Trend LBLOCK/USD is pushing to break its current, prolonged bearish trend. After another cycle of touching down at the channel’s lower border at around $0.00220000, a bullish rallying point, the price has now surged up again towards the upper border and then beyond it. Though the bears seek another cycle, buyers try to defy the trend by pushing prices to stabilize above the channel border.


Lucky Block Price Forecast: LBLOCK/USD Anticipation

Lucky Block slipped below $0.00336565 to reach the $0.00220000 bullish rallying point in the last cycle of ranging movement in the market. The price was immediately pushed back above $0.00336565.

The coin enjoyed a brief period above the $0.00336565 price level before dropping again towards $0.00220000, and it fell a little lower than before. However, the bulls were able to revive in time.

The price is being pushed towards $0.00336565 again, but the channel border has dropped below it. Moving the market above it will lead to a breakout and a break of the current bullish trend.


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

The bulls are now intercepting the movement of the market. Instead of the price dropping towards the lower border of the descending channel, the market has been intercepted midway and is being pushed back upwards towards the $0.00336565 supply line.
Lucky Block Price Forecast: LBLOCK/USD Is Pushing to Break Its Bearish Trend The EMA period 100 (Exponential Moving Average) on the 5-minute and 30-minute time frames has taken a support position for the price. Meanwhile, the Stochastic has risen to overbought on the 30-minute, but it is still ascending on the 5-minute time frame. A retracement is expected before the price pushes further upward.

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.