Lucky Block Price Forecast: LBLOCK/USD Soars From Its Support Trend Line

Updated:

Lucky Block Price Forecast – April 26

The Lucky Block price forecast from the current support trend line is expected to soar beyond the previous demand zone at $0.0017970.

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

Key Levels:
Supply Zones: $0.00474100, $0.00336565
Demand Zones: $0.0017970, $0.0018850
Lucky Block Price Forecast: LBLOCK/USD Soars From Its Support Trend LineLBLOCK/USD has now touched down at the support trend line for the third time. The support trend line was initially touched on the 14th of April. The support trend line was touched for the second time on the 19th of April. Like the previous time the support trend line was touched, the market price pumped rapidly to the next major zone.


Lucky Block Price Forecast: LBLOCK/USD Anticipation

There was a confluence formed on the 14th of April on LBlock Market. The effect of the convergence between the downward trend line and the major demand zone at $0.0018850 aided the momentary reversal in the market. The confluence allowed the bulls to drive the market to $0.0021730.

Another confluence was formed on the 19th of April. The market was in an oversold condition, as revealed by the Stochastic. The intersection of the support trend line and the lower demand zone at 0.0017970 caused bullish action. The market soared rapidly to $0.00207400.

The candles were also formed beneath the Moving Averages on the Bollinger Bands at the demand zones. This gave further confirmation to go long in the market.


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

The market made lower highs and lower lows as it approached the support trend line. The bearish move was very sloppy as the volatility of the bearish run was low. The market created multiple gaps as it dipped to the support level.
Lucky Block Price Forecast: LBLOCK/USD Soars From Its Support Trend LineThe confluence of the lower time frame channel and the overall support trend line has caused the bulls to drive the market to 0.0017970. The impulsive move reveals the bulls are in control and are willing to drive the price further to $0.0018850.

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.