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Lucky Block Price Forecast: June 20
The Lucky Block price forecast after the bullish market reversal is a continuation of the ascending trend. The market is expected to continue pushing higher towards higher resistance levels.
LBLOCK/USD Long-Term Trend: Bullish (30-Minute Chart)
Zones of supply: $0.0017000, $0.0014500
Zones of Demand: $0.0008630, $0.0007600
The market has formed a bullish channel leading to the major resistance level of $0.0014500. The demand levels are seen to hold as the value of Lucky Block continues to rise.
Lucky Block Price Forecast: LBLOCK/USD Outlook
Lucky Block has remained bullish since the support level at $0.0007600 was reached on June the 13th. The momentum indicator revealed the strength of the bulls after the demand zone of $0.0007600 was tapped. The momentum increased in value after the test of the demand zone. This indicated that the reversal was likely to be successful as the strength of the new trend increased.
A parallel channel is seen to guide the market towards higher prices. There are multiple bullish breakouts within the parallel channel. The bullish structural shift confirmed the market reversal. This candle narrowed to a point near the parallel channel’s borders. This led to a bullish breakout within the channel.
The bulls faced resistance at the upper border of the parallel channel. This led to a downward motion on the lucky block. The market descended through a creek to the supporting trend line. The bounce off from the bullish trend line on the ascending channel led to the violation of the creek.
LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)
LBLOCK/USD used the bullish confluence zone to go long. The demand level at $0.0086300 crossed the bullish trend line to form a confluence spot.
The Moving Averages crossed after the test of the bullish confluence. This has led to the current rise in the price of the Lucky Block. The market is expected to reach the resisting border of the ascending channel towards $0.0014500.
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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