Lucky Block Price Forecast: Lucky Block Is Set for an Imminent Rise After Retracing to $0.0013020

Updated:

Lucky Block Price Forecast: September 1

The Lucky Block price forecast is an imminent rise in the price of the coin after it pulls back to the $0.0013020 demand level. More buyers are now investing in the market.

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

Key Levels:
Zones of supply: $0.0023260, $0.0026690, $0.0034040
Zones of Demand: $0.0018200 $0.0008220, $0.0013020
Lucky Block Price LBLOCK has resorted to a pullback to a lower price level to add more bullish firepower to the market. Preceding this drop, the price had been locked into a lateral channel with $0.0018200 as the baseline demand level. The market was tied to lay low on the demand level and then attack the upper border of the channel, but the scope was small, hence a pullback to lower support for more velocity.

Lucky Block Price Forecast: LBLOCK/USD Outlook

LBLOCK has been trying to climb upwards but has been having difficulty, particularly with bypassing the $0.0023260 and $0.0026690 supply lines. This is compounded by the little space through which the price can attack.

The buyers thought it was possible to use a pullback and break strategy where the market would retrace to a lower level before springing back upward with more momentum.

The coin is doing exactly just this and has found a pullback easier. The new support at $0.0013020 has held the price and is ready to push it upward. The EFI (Elders Force Index) has its power line making a sharp turn upwards.

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

The 5-minute chart shows that the candlesticks are lining up at the new demand level, ready to shoot upward. The lower border of the Envelope indicator has been stretched and is set to support an upward movement of the market when it snaps back upward.
Lucky Block Price Like the 30-minute chart, the (EFI Elders Force Index) has taken a sharp upward turn and is currently hovering around the equilibrium level. After the price launches upwards, it will seek to immediately cross over the $0.0018120, $0.0023260, and the $0.0026690 key levels. This will allow for the scope to attack even higher price levels.

How To Buy Lucky Block 

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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.