Lucky Block Price Forecast: LBLOCK/USD Soars to the Moon


Lucky Block Price Forecast – May 20

The Lucky Block price forecast is extremely bullish as it breaks through the major resistance zone at $0.002100.

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

Key Levels:
Supply Zones: $0.002500, $0.002100, $0.001800
Demand Zones: $0.001220, $0.000910, $0.000780
Lucky Block Price Forecast: Lblock/USD Soars to the MoonLBLOCK/USD shoots to the moon as the market breaks through multiple resistance zones. Lucky Block bounced back and forth through a parallel channel from the first day of May. The market eventually experienced a market reversal at $0.000780.

Lucky Block Price Forecast: LBLOCK/USD Outlook

LBlock reversed with a double bottom pattern which was formed above the $0.000780 demand zone. The market posted higher highs and lows from the demand zone. There was a breakout of the parallel channel after the cross of the Moving Average period eighty-nine and two hundred.

As the market ascended from the demand zones, the average directional index indicated that the bullish trend was very strong. An ascending triangle pattern was also formed from the demand zone.

The market surged, violating multiple resistance zones with a single impulsive move. Lucky is up more than 50% today, but still more than 430% from all-time highs! The opportunity to bank BIG is now!

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

The 5-minute chart shows the steep slope of the bullish rally on Lucky Block. The candles of the 5-minute chart are above the multiple Moving Averages. The Moving Averages are supporting bullish action.
Lucky Block Price Forecast: Lblock/USD Soars to the MoonThe supply levels in the market are extremely weak. The presence of the resistance level at $0.001800 was not effective as the market rallied easily past it. The market is currently not showing any signs of a bearish reversal. The next resistance zone at $0.002500 is expected to be struck very soon.

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.