Lucky Block Price Forecast – April 20
The Lucky Block price forecast is that the market has gyrated rapidly towards $0.0917990 after facing resistance at $0.0020830. The market broke the internal structure high before reaching the resistance to reveal that the bulls are pushing the market higher.
LBLOCK/USD Long-Term Trend: Bullish (30-Minute Chart)
Zones of Demand: $0.7017990, $0.0019790
Zones of supply: $0.0020830, $0.0021720
During the rally to the resistance at $0.0020830, the rapid push up left areas of inefficiencies in the market. The inefficiencies between $0.0019790 and 0.0017990 created a magnetic pull on the price after the market reached resistance at $0.0020830. This caused the volatile market to slump back to the areas of inefficiencies.
Lucky Block Price Forecast: LBLOCK/USD Anticipation
The inefficiencies are located at discount areas below the 50% Fibonacci level. This makes it safe for more buyers to buy the dip caused by the price pullback. The volume indicator revealed the speed at which the market dived to fill up the inefficiencies.
The volume indicator shows that the number of sellers has been reduced drastically after the major fall. The sellers’ momentum has been reduced as the market enters the oversold region. The closet inefficiency in the discount level lines up well with the 78.6% fib level.
The bulls are expected to aim for the previous highs at $0.0020830 and eventually $0.0021720. The size of the bearish candles has reduced after the major fall from the resistance at $0.0019700. This shows that the bears are getting exhausted as they approach the areas of efficiency caused by the bullish surge in the market.
LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)
The five-minute chart aligns perfectly with the thirty-minute charts to show that the market is in an oversold condition. The bearish dive is likely to end soon with the rapid drop in the volume of the sellers on the five-minute chart.
Therefore, the market is expected to fill up the first inefficiency to the minimum before continuing the bullish ride.
How To Buy Lucky Block
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