Lucky Block Price Forecast: LBLOCK/USD to Leverage on Key Level to Rebound Upward

Lucky Block Price Forecast – February 23

The Lucky Block price forecast is for the market to end its current bearishness by rebounding the $0.00546100 critical level.

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

Key Levels:
Supply Zones: $0.00770230, $0.001612210
Demand Zones: $0.00546100, $0.00447780
Lucky Block has taken a significant step toward a bullish resurgence after immediately rebounding from the $0.00447780 fundamental level to rise above $0.00546100. Although the price didn’t break immediately past the upper border of its expanding triangle pattern, the market has since been tapering between the upper boundary and the $0.00546100 level, as in a triangle, which is leading to an upsurge.

Lucky Block Price Forecast: LBLOCK/USD Market Prospects

LBlock is undergoing something of a recoil, which is a temporal pullback due to the upward stride it has taken in recent times. While this is happening, bulls remain alert to prevent any significant drop in the market.

Sudden upward bursts can see this in the market at intervals to rival corresponding downward spikes. The latest act sees the buyers push the market back above $0.00546100 and lock it from dropping below.

As a result, momentum is accumulating for an upward push. This can be seen on the Stochastic, which has risen into overbought territory. Though the EFI (Elders Force Index) suggests that the market is still in a state of equilibrium, buyers are leveraging this level to push higher.

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

In the 5-minute time frame, the buyers are already actively at work. The price has maintained its hold above the $0.00546100 fundamental level and breached the upper border of the expanding triangle pattern.
After breaking out, LBLOCK/USD has now surged towards the $0.001612210 resistance level in a bid to breakthrough. The EFI shows that momentum has swung towards buyers, and the Stochastic shows the price is indeed now in the overbought region. A pullback to $0.001612210 from above will push the market higher towards $0.00770230.

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.