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Lucky Block Price Forecast: March 4
The Lucky Block price forecast is for the market to gear into a swift bullish recovery towards $0.0000750 after rejection at the same level.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0000750, $0.0000880
Demand Zones: $0.0000360, $0.0000600
Lucky Block has continued to make bullish progress, bypassing several key levels till it reaches the $0.0000750 significant level. However, the market has now suffered significant rejection at $0.0000750. This has led to a major drop, even below the $0.0000600 former resistance level. Nevertheless, the market aims to bounce back swiftly, and this is already in the pipeline.
Lucky Block Price Forecast: LBLOCK/USD Outlook
Lucky Block has exhibited a bullish trajectory, surpassing multiple key levels to reach the $0.0000750 mark.
However, the market encountered rejection at this level, resulting in a notable decline, even breaching the former resistance at $0.0000600.
Despite this setback, the market is gearing up for a prompt and robust comeback, currently in progress.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
The EFI (Elders Force Index), which previously maintained a steady ascent into positive territory, experienced a sudden downturn below the equilibrium level in response to the price plunge. The MA period 20 (Moving Average) is strategically positioned beneath the declining candles, acting as potential support and signaling an intent to rally back toward $0.0000750.
Examining the 4-hour chart’s EFI indicator, bullish revival signals are evident. The EFI has undergone a sharp upturn, moving decisively back toward the zero level. Although the price has dipped below the MA period 20 on this timeframe, overcoming it will be crucial for a retest of the $0.0000750 level. Anticipating a swift recovery in the market.
How to buy Lucky Block
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.
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