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Lucky Block Price Forecast – August 25
The Lucky Block price forecast is for the market to shoot in an upward direction anytime from now. In doing so, the price will violate the $0.0030400 resistance level.
LBLOCK/USD Long-Term Trend: Bullish (30-Minute Chart)
Supply Zones: $0.0021720, $0.0019070
Demand Zones: $0.0018110, $0.0009870
Lucky Block has been having a relatively quiet market up till now, but that could change all of a sudden. This is because the bulls have found a solid base to sit on in the $0.0019810 support zone. They are now saving their strength and bringing it together to jointly launch an assault on the price levels that have been limiting the expression of the buyers in the market.
Lucky Block Market Expectation: LBLOCK/USD Revives Bullishness
The strength that the Lucky Block bulls can portray was demonstrated at the beginning of the month when the price spiked to reach the $0.0042910 price level. The bullish intent of the market has since been contained.
Initially, the buyers tried to retaliate and they struggled for expression. Nevertheless, their strength reduced as they struggled. They have since resorted to a calm mark, making a definite sideways movement.
Having been gathering strength in silence, there is expected to be an upsurge in the price very soon. The Stochastic lines have pulled the trigger of its lines back into the oversold region, ready for a spike back upwards.
LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)
The 5-minute chart gives a clearer and more vivid view of what is happening at the tip of the market. The candles are tapered into a triangle formation. Every single detail in the market matters, as the combination of all will lead to the push of a great force.
The MA (Moving Average) period 200 has dropped below the 15-minute candlesticks to lift it from below. The Stochastic Oscillator is vacillating around the overbought zone. We can expect to see more movements in the market that will eventually culminate in the upsurge of the Lucky Block beyond the $0.0042910 resistance level.
You can purchase Lucky Block here. Buy LBLOCK
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