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Lucky Block Price Forecast: August 25
The Lucky Block price forecast is for the market to keep thrusting upward till it breaches the immediate supply levels and rises to $0.0001420.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels
Supply Zones: $0.0001990, $0.0001420, $0.0001100
Demand Zones: $0.0000880, $0.0000720, $0.0000360
LBLOCKUSD has since broken out of the asymmetrical triangle structure using a far-reaching spike. Afterward, the market has instead embarked on a gradual and assuring rise toward supply levels. On the daily chart, the coin appears with almost only bullish candlesticks. The coin is now coming into contact with the first resistance at $0.0001100, and it is expected to thrust through the resistance level to go higher.
Lucky Block Price Forecast: LBLOCK/USD Outlook
LBLOCKUSD is displaying a notable upward thrust, positioning itself for higher price levels after breaking free from the confines of an asymmetrical triangle formation.
The market witnessed a decisive breakout marked by an extended spike, paving the way for a steady and confident ascent toward supply levels.
The daily chart shows that the coin’s path is mainly influenced by a series of bullish candlesticks, emphasizing the current positive outlook. With the coin now approaching the initial resistance point at $0.0001100, expectations are set for it to breach this barrier and propel further upward.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour Chart)
The ongoing upward momentum of the market has prompted the MA period 25 to align below the daily candlesticks, acting as a support mechanism. Simultaneously, the EFI (Elders Force Index) power line is on a robust ascent, having transitioned into positive territory.
Shifting the focus to the 4-hour chart, the EFI has consistently remained above the zero level since the breakout, displaying a fluctuation above this threshold. Underpinning the 4-hour candles, MA period 25 provides support, further reinforcing the upward drive. All indications point towards the coin’s potential to surpass the $0.0001100 supply level and progress toward the subsequent supply levels.
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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