Lucky Block Price Forecast: LBLOCK/USD Is Set for a Bullish Breakout

Updated:

Lucky Block Price Forecast – May 25

The Lucky Block price forecast is for a potential bullish breakout from the descending creek formed on the flag pattern.


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

Key Levels:
Supply Zones: $0.002520, $0.002470.
Demand Zones: $0.002420, $0.002370
Lucky Block Price Forecast: LBLOCK/USD Is Set for a Bullish BreakoutLucky Block is currently uptrending without any significant fake-outs in the market. The market is seen to ascend steadily, with previous highs being swept.


Lucky Block Price Forecast: LBLOCK/USD Outlook

LBLOCK/USD has experienced multiple bullish breakouts within the overall ascending channel. A retracement is forming from the peak of the ascending trend. The resistance at $0.002520 has led to the current retracement in the market.

The market consolidated between $0.00250 and $0.002470. The bulls are expected to seek support at a discount price. As a result, a retracement below equilibrium at 50% Fibonacci is expected to fuel the bullish run.

The demand zone at $0.002370 is expected to prevent bearish moves. The zone is expected to form support for the price of Lucky Block to rise. The Stochastic is currently in the oversold region. This is an early sign of anticipating a reversal for the market to ascend.


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

The 5-minute chart shows the bearish structural shift. The market has broken the previous resistance zone, which temporarily supported today’s price action.
Lucky Block Price Forecast: LBLOCK/USD Is Set for a Bullish BreakoutThe stochastic on the 5-minute chart correlates perfectly with the higher time on the 30-minute chart. The stochastic reveals the market is oversold. The market is expected to resume buying to rise back to $0.002520.

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.