Lblock Makes Bullish Reversal at $0.0009980
Lucky Block Price Forecast – May 10
The Lucky Block price forecast is bullish due to the buying pressure of Lucky Block. The price has soared from the support level at 0.0009980 after the change in market direction.
LBLOCK/USD Long-Term Trend: Bullish (30-Minute Chart)
Supply Zones: $0.0013400, $0.0013000, $0.0012400
Demand Zones: $0.0009980, $0.0011000, $0.0011800
LBLOCK/USD demand zones failed as the market crashed to a $0.0009980 price. The Moving Average period twenty-one rested above the intraday candles since the 7th of May.
Lucky Block Price Forecast: LBLOCK/USD Market Reversal Outlook
The bears’ track was significant on the 7th of May. A very large bearish candle revealed the influx of the bears at $0.0013400. The resistance zones were well defended as the market formed lower highs and lower lows.
LBlock struck the support level at $0.0009980 after riding through a descending channel. The change in market direction was obvious as the previous major zone was used as support. The Moving Average Period nine crossed the Moving Average period twenty-one to the upside just beneath the $0.001100 level.
The Moving Average crossed as the bearish channel was retested. The bulls soared with very little resistance. The bullish run is very prominent as both moving averages are resting below the candles on the upside.
LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)
LBlock created pockets and it rallied rapidly to $0.0013400. The previous key levels on the chart have acted as support areas to aid the Lucky Block bullish rally. In the bullish trend, an order block is currently resting at equilibrium. The Order block is at 50 percent on the Fibonacci.
The market is likely to retrace towards the order block to gather momentum to soar past the resistance at $0.0013400.
How To Buy Lucky Block
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