Lucky Block Price Forecast: LBLOCK/USD Takes off to the Moon

Updated:

Lucky Block Price Forecast – May 30

The Lucky Block price forecast is that $0.002830 is the bulls’ next target. The market has utilized the ascending trend line to reverse the bulls’ run.


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

Key Levels:
Supply Zones: $0.002830, $0.001360
Demand Zones: $0.00790, $0.002140
Lucky Block Price Forecast: LBLOCK/USD Takes off to the MoonLucky Block has experienced a very successful breakout from the falling wedge. The demand level at $0.001240 was about to fail when the bullish trend line gave immense support to the bulls. This has prompted higher pricing in the market.


Lucky Block Price Forecast: LBLOCK/USD Outlook

LBLOCK/USD retracement after the bullish spike has been brought to a halt by the bulls. After the highs at $0.001360 were swept, there was a change in market direction. The bearish run was halted at $0.000790 when the market reversed. The buying pressure resulted in immense volatility for the bulls. The market rallied quickly to $0.002830.

The impulsive move was followed by a correction. The market descended through a falling wedge after the resistance level at $0.002830 was tested twice. The Moving Averages crossed on the 25th to show the retracement.

The market has utilized the bullish trend line to find support to continue the bullish run. This has resulted in a breakout of the falling wedge. The Moving Averages have also crossed today, which signifies bullishness in the market. The bullish run, initiated initially on the 12th of May, has finally resumed.

Lucky Block Price Forecast: LBLOCK/USD Takes off to the MoonMedium-Term Trend: Bullish (5-minute chart)

On the 5 minute chart, the market is currently soaring. The Moving Averages periods nine and twenty-one support the bullish run.

Invalidation of the recent high is anticipated in the market. As a result, the market is expected to return to the previous high of $0.002830.

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.