Lucky Block Price Forecast: LBLOCK/USD Reveals Bullish Signs in Correction Phase

Updated:

Lucky Block Price Forecast: May 6

The Lucky Block price forecast after the impulse reveals the current sell to buy pattern on the chart. The market has been in a correction phase after the bullish impulse.


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

Key Levels:
Supply Zones: $0.00181000, $0.00172210
Demand Zones: $0.00157410, $0.00128210
Lucky Block Price Forecast: LBLOCK/USD Reveals Bullish Signs in Correction PhaseLBLOCK/USD change character was obvious after the highs at $0.00157410 were swept clean. The bulls energetically soared as they gained control of the market. The sudden bullish spike ended at $0.00181000.


Lucky Block Price Forecast: LBLOCK/USD Outlook

The Parabolic SAR (Stop and Reverse) indicator signified the bulls were temporarily exhausted at $0.00181000. The market dropped afterwards to properly mitigate areas of inefficiency.

LBlock has created a descending parallel channel to lead the price to the support trend line. The supporting trend line is in sync with the bullish order blocks formed during the bullish rally.

The lower band of the Bollinger on the supporting trend line is expected to prevent the market from lower pricing.


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

LBlock is showing positive signs in the lower timeframe. A bullish bounce is spotted on the ascending trend line. This is an early sign of a continuation of the bullish move.
Lucky Block Price Forecast: LBLOCK/USD Reveals Bullish Signs in Correction PhaseThe parabolic SAR has formed multiple points beneath the intraday candles. The ascending trend line is expected to end the lower timeframe descending channel. The market is likely to ascend to the next resistance area at $0.00154710.

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.