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

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Lucky Block Price Forecast- June 22

Lucky Block price is bullish. The Lucky Block has formed a descending triangle. A bullish breakout above $0.001100 is currently in view.

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

Key Levels:
Zones of supply: $0.001100, $0.001180.
Zones of Demand: $0.000800, $0.000970

Lucky Block Price Forecast- LBLOCK/USD is set for bullish breakout

Lucky Block is set to violate the boundaries of the descending triangle. The significant higher lows are expected to aid a push through $0.001100.

Lucky Block Price Forecast: LBLOCK/USD Outlook

Lucky Block market made a second retest of the demand zone ($0.000800) on the 19th of June. The market was oversold at the retest of the demand zone, as signified by the Williams %R ( Williams Percent Range). The bulls soared without much resistance.

The candles rose above the Moving Averages (Period eighty-nine and two hundred. The key level at $0.000970 was broken during the up move. The key level was utilized as a support level to push further to the resistance level at $0.001100.


The market ascended through a parallel channel to the resistance level at $0.001100. The parallel channel led the market into a larger descending trend line. This formed resistance for the bulls. The market has experienced a breakout of the ascending channel to seek support at $0.0009700. The Moving Average Period twenty is currently showing the retracement from the resistance area. The Moving Average period fifty is still beneath the candles to confirm the market bullishness. The Williams Percent Range is obviously oversold. This is expected to promote a rise in the price of Lucky Block.

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

LBLOCK/USD is currently approaching the support level at $0.000970. The demand level is likely to facilitate the influx of the buyers of Lucky Block.
Lucky Block Price Forecast- LBLOCK/USD is set for bullish breakout
The Williams Percent Range is also oversold on the 5-minute chart. Lucky Block is set for a bullish breakout of the descending triangle. The price is expected to rise to 0.001100.

 

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.