Lucky Block Price Forecast: LBLOCKUSD Nears Breakout from Triangle Formation

Lucky Block Price Forecast: July 24

The Lucky Block price forecast is for an imminent breakout from a triangle structure that will end the market’s prolonged consolidation.

LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)

Key Levels:
Supply Zones: $0.0002980, $0.0002740, $0.0001990
Demand Zones: $0.0001880, $0.0001570, $0.0001420

LBLOCKUSD bulls have shown vigorous activity since the coin’s retracement to support on July 15. This has led to a triangle structure, signaling an imminent breakout. Successful execution of the flight could break the prolonged price consolidation lasting over three months.

Lucky Block Price Forecast: LBLOCK/USD Outlook

LBLOCKUSD shows signs of an impending breakout as it forms a triangle structure on the charts. The bulls have pushed the coin’s price since it retraced to a significant support level on July 15th.

This sustained effort has resulted in a triangle pattern, indicating a potential breakout shortly. If this breakout is successful, it could lead to a significant price movement and end the prolonged period of price consolidation that has persisted for over three months.

The Bollinger Bands have tightly squeezed around the daily candlesticks, with the upper band at $0.0001250 and the lower band hovering around the $0.0000880 support level. This indicates low volatility and suggests that a significant price movement is imminent.

LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)

The Moving Average Convergence Divergence (MACD) lines have displayed a consistent upward movement on the daily chart. However, they have recently tempered just below the zero level. The MACD is a valuable tool used to assess trend momentum, and this subtle dip in the lines may indicate a potential pause or hesitation in the current bullish trend.

On the 4-hour chart, the triangle structure is evident and well-defined. The Bollinger Bands have tightened further around the triangle, reinforcing the expectation of an imminent breakout. Additionally, the MACD lines have risen marginally above zero, indicating that bullish momentum is building up in the shorter timeframe. If the breakout occurs as anticipated, LBLOCKUSD’s price will likely surge strongly beyond the $0.0001420 resistance level, marking the end of the extended consolidation phase.

 

How To Buy Lucky Block

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