Lucky Block Market Prediction – April 23
The Lucky Block market prediction is for the price to be triggered by market forces, which will lead to a strong upsurge upward from its current zone.
LBLOCK/USD Long-Term Trend: Bullish (30-Minute Chart)
Supply Zones: $0.00474100, $0.00336565
Demand Zones: $0.00264600, $0.00134480
LBLOCK/USD remains confined between key levels as it awaits market forces to trigger it. The market remains in equilibrium and undulates between $0.00222220 as the supply level and $0.00180000 as the demand level. The latest move sees the price pullback to the demand zone at $0.00180000 after stopping short of testing the $0.00222220 supply level.
Lucky Block Market Prediction: LBLOCK/USD Is Poised to Drive Upwards
The market has fallen into equilibrium as it tries to stabilize itself after many bearish movements. The coin has dropped into consolidation since the 13th of April 2022.
The price dropped down a trendline but stopped short of breaking below the $0.00180000 demand level, and the coin has been ranging for up to 10 days as the market awaits a bullish trigger.
The MACD (Moving Average Convergence Divergence) indicator also alternates around the zero level as the price ranges. The EMA (Exponential Moving Average) period 100 glides at the mid-level between the 30-minute candles.
LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)
The 5-minute chart shows that as today opens up, there is a forceful drop in the price back to the demand level in the consolidation zone. This makes the EMA period 100 take a resistance position above the 5-minute candlesticks. However, the sudden price drop could trigger bullish retribution.
The market is poised to spring upward out of its ranging zone after dropping forcefully to its demand level. The MACD lines have turned sharply upward from below the zero level. When the coin breaks out of its current consolidation, it will likely break other key levels to reach for the $0.00304100 price level.
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.
Share with other traders!