Lucky Block Price Forecast: Lucky Block Remains Bullish-Oriented With Triangle Pattern

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Lucky Block Price Forecast – August 24

The Lucky Block price forecast is for the market to engineer its way out of the confinement that has limited it to a sideways movement.

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

Key Levels:
Supply Zones: $0.0021720, $0.0019070
Demand Zones: $0.0018110, $0.0009870
Lucky Block remains bullish-oriented as it works at escaping the ranging zone that it finds itself in. The price has been unable to go beyond the $0.0023500 resistance level. Neither, indeed, has it dropped beyond the support level at $0.0018110. The support level is to the market’s advantage while the bulls are working tirelessly to breach the resistance level.

Lucky Block Market Expectation: LBLOCK/USD Revives Bullishness

The trajectory of Lucky Block has clear intentions: to keep rising. But this has not been the case due to the almost impenetrable level situated at $0.0023500.

The inability of the coin to bypass the resistance level has led to a redirection of the market’s sentiment. The price is now trending sideways. Buyers have not given up, though.

The lower Bollinger Band has pinged the 30-minute candlesticks upward in its triangle formation. The triangle pattern is expected to lead to an upswing sooner or later.

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

The 5-minute chart helps us see the behavior of the market as it tapers through the triangle pattern. Despite the tapering movement, the RSI (Relative Strength Index) indicator is seen undulating around the overbought border of the market. This demonstrates the enduring bullish intent of the market.
The Bollinger Bands on the 5-minute chart have squeezed until the candles as it accumulates momentum. After a while, the price is expected to burst upwards. When this happens, the coin will rise past the $0.0021720 and $0.0023500 key levels.

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