Lucky Block Price Forecast: May 17
The Lucky Block price forecast is that the coin is set to reach and rise beyond $0.001240. A retest is likely to follow the breakout and spring back to $0.001240
LBLOCK/USD Long-Term Trend: Bullish (30-Minute Chart)
Key Levels:
Supply Zones: $0.001240, $0.001160, $0.001100, $0.001000
Demand Zones: $0.000790, $0.000870, $0.0009170, $0.001160
LBLOCK/USD bulls have regained control of the market as they continue to break through the resistance levels. The supply levels are continuously failing to hold due to the uptrend.
Lucky Block Price Forecast: LBLOCK/USD Market Outlook
The support levels have continuously helped more bulls access the market efficiently. The buying pressure of Lucky Block has resulted in the formation of higher highs as previous highs are swept. Each new low is higher than the previous.
A rising wedge is seen to guide the bulls to new resistance levels. The distance between the highs and lows is narrowing as the market ascends. The reversals at each resistance level have served as opportunities for the bull to lunch from support levels after a retracement.
Since the 12th of May, the Moving Average period nine has crossed the Moving Average period twenty-one to the upside three times at support levels. The moving averages have given further support and confirmation for bullish moves.
LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)
The bulls found support at $0.001070 after dropping off the supply zone at $0.001160. The previous resistance level at $0.001100 also served as support for the bulls.
A breakout has occurred above the rising wedge and resistance level at $0.001160. The market is expected to strike $0.001240. A retracement is also anticipated to retest the border of the rising wedge to seek new heights.
How To Buy Lucky Block
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