Lucky Block Market Expectation – July 15
The Lucky Block market expectation is for the price to grow upward beyond the $0.00086860 major resistance level. The price level has been known to resist the market flow, either upward or downward.
LBLOCK/USD Long-Term Trend: Bullish (30-Minute Chart)
Supply Zones: $0.00095460, $0.00086860
Demand Zones: $0.00078000, $0.00081040
Lucky Block has successfully turned a depressing market into a bullish one. Next is for the price to flow through its various key levels. Lblock has grown to reach a significant price level at $0.00086860. Whatever happens in this zone will determine if the buyers can sustain their momentum, but indications show a very motivated bull market.
Lucky Block Market Expectation: LBLOCK/USD Revives Bullishness
The flow by which the market slid down to the $0.00078000 reversal level is quite different from how the coin is climbing upwards. The market uptrend is more coarse, characterized by consistent pullbacks and breakouts.
The movement has helped LBLOCK/USD violate all the key levels encountered so far. Now the coin has reached a notorious zone at $0.00086860. A successful breach of this zone will drive the price high.
Lblock is executing its signature pullback and breakout strategy. It has retraced a bit and is now driving towards the price level. The upper Bollinger Band is an extra layer of resistance; when broken, $0.00086860 will also be broken.
LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)
The 5-minute chart shows that the market is continually testing the $0.00086860 significant level to find spots of weakness. The price will likely continue in a sideways motion if no weak spots are located. However, the market is drawing strength for upward movement from the middle line of the Bollinger Band.
There are multiple crosses by the MA (Moving Average) Cross as the price keeps testing the resistance level, just like on the 30-minute chart. A cross closer to the resistance line will confirm an entry for a buy on LBLOCK. Once the market violates this resistance level, it will be strengthened to push through toward $0.00095460.
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!