Lucky Block Price Forecast- LBLOCK/USD Makes a Bullish Breakout of the Descending Channel


Lucky Block Price Forecast- July 1

Lucky Block price forecast calls for the ascension of the market to the $0.0010600 resistance zone.

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

Key Levels:
Zones of supply: $0.0011000, $0.0010600.
Zones of Demand: 0.0009200, $0.0008810
Lucky Block Price Forecast- LBLOCK/USD Makes a Bullish Breakout of the Descending ChannelLucky Block has invalidated the bearish channel with a break and retest on the 30-minute chart. The breakout occurred with an increase in bullish momentum.

Lucky Block Price Forecast: LBLOCK/USD Outlook

LBLOCK/USD has experienced a bullish market reversal at the $0.0008810 demand level. The market faced resistance at $0.0011000. The momentum of the previous bullish trend dropped on the 24th of June. The Moving Averages for periods nine and twenty-one also crossed to signify a change in direction at the resistance level.

The market descended to the support level at $0.0008100 through a bearish channel. The bearish move ended at $0.0008810. The highs formed prior to the support level test have been swept. This signifies a change in market direction.

The Moving Average period nine crossed above the Moving Average period twenty-one after the test of the support level. The bullish market shift was fulfilled with an increase in bullish momentum. The market has retested the upper border of the bearish channel. The bulls are expected to gain more momentum with the retest of the bearish trend line.

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

LBLOCK/USD has formed a bullish expanding channel on the 5-minute chart. Multiple bullish breaks of structure have formed consistently to seek the resistance levels resting above.
Lucky Block Price Forecast- LBLOCK/USD Makes a Bullish Breakout of the Descending ChannelThe market has retraced into a bullish confluence formed by the cross of the bearish and bullish trend lines. The market is expected to ascend to the major level at $0.0010600.

How To Buy Lucky Block 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.