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    • Lblock to Gain Momentum From Ranging

    Lblock to Gain Momentum From Ranging

    • Posted by DigitalLeonard
    • Categories Daily Charts, Forex, Forex Technical Analysis, LBlock, Lucky Block, Market Anticipation, News, Price Action, Trade Ideas, Trading Briefs
    • Date March 18, 2022
    • Comments 0 comment

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    Lucky Block Market Prediction – March 18

    The Lucky Block market prediction is for the price to embark on a new consolidation phase to gather more momentum.

    LBLOCK/USD Long-Term Trend: Bullish (30-Minute Chart)

    Key Levels:
    Supply Zones: $0.00540160, $0.00502670, $0.00474100
    Demand Zones: $0.00378200, $0.00336565, $0.00220000Lucky Block Market Prediction: LBLOCK/USD to Gain Momentum From New Consolidation After a strong bullish round, LBLOCK/USD will embark on a new ranging phase in a familiar consolidation zone. The essence of a fresh consolidation is to enable the buyers to gather more momentum before running out of steam. The coin rose to a price level of $0.00474100 before dropping back. The market is set to begin a consolidation with $0.00378200 as support.

    Lucky Block Market Prediction: What to Expect from Lblock?

    The ranging phase, which began in late February, was a tool used by market buyers to protect the market from excessive price drops.

    After a while of consolidating, LBlock descended out of the range zone. This was a tactic that buyers used to bring about a return to the bullish strength in the market. The result is that the market surged from a depressed state.

    The price has now risen into the consolidation zone and is set to range for a while before more upward movement. With the price drop, the Stochastic is currently in an oversold region for an imminent rise.

    LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)

    On the 5-minute chart, the price is now bordering the consolidation support level at $0.00378200. The price is expected to rise again towards the consolidation resistance at $0.00540160. As a result, it can be observed that the Bollinger Band has been squeezed on the 5-minute chart, and the price maintains a silent movement.Lucky Block Market Prediction: LBLOCK/USD to Gain Momentum From New Consolidation The Stochastic Oscillator has risen to the border of the overbought region. There is still scope for a rise before the price drops again. LBLOCK/USD is expected to stay in trade in the consolidation for a few more days to build up momentum for a rise to the $0.00540160 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!



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