• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

ForexSchoolOnline.com

Learn to Trade Forex Online

  • Compare Brokers
    • Broker Type
      • Paypal Brokers
      • Swap-Free Brokers
      • Low Spread Brokers
      • ECN / STP Brokers
      • Market Maker Brokers
      • Non Dealing Desk Brokers
      • Low Minimum Deposit Brokers
    • Country
      • Brokers for Australia
      • Brokers for South Africa
      • Brokers for the UK
      • Brokers for the US
      • Brokers for Nigeria
    • Regulation
      • FCA Regulated Brokers
      • ASIC Regulated Brokers
      • FSCA Regulated Brokers
      • CFTC Regulated Brokers
    • Platform
      • MT4 Brokers
      • MT5 Forex Brokers
    • Strategies
      • Hedging Forex Brokers
      • Scalping Forex Brokers
      • Carry Trade Forex Brokers
      • Brokers for Indicators and EA’s
  • Start Here
    • Start Trading Guide
    • Beginner Trading Lessons
  • Free Forex Course
    • Public Login
    • Register
    • Password recovery
  • Lessons
    • Strategies
    • Videos
    • MT4 Guides
    • Money Management
  • Trade Setups
  • Tools
    • Correct Free Demo Charts
    • Forex Journal Download
    • Position Size Calculator
    • FULL List of Tools
    • Forex Demo Accounts
  • Price Action Guide
  • Free Course

Lucky Block Price Prediction: LBLOCKUSD Flashes a Bullish Trend Reversal

Johnathon Fox
10/05/2024 | UPDATED ON: 10/05/2024

Lucky Block Price Prediction- October 5

Today, the Lucky Block market flashes a bullish trend reversal as it is about completing the dip-low movement and is on the verge of a correction phase. The coin price might rebound and turn upside as the market is oversold. Hence, if all the current support holds and the bulls should push higher, the price breakout may test the previous high at a $0.0000450 value, and this could send the coin price soaring to $0.0001200 supply trend line, denoting a bullish trend and a rise in volatility.

Key Levels:
Resistance levels: $0.0000250, $0.0000260, $0.0000270
Support levels: $0.0000180, $0.0000170, $0.0000160

LBLOCKUSD Long-term Trend: Bullish (Daily Chart)

The LBLOCKUSD flashes a bullish trend reversal as the market seems to be oversold, waiting for a bullish breakout in its long-term view. The price trades in red above the 50-day exponential moving average, a bullish indicator.
Lucky Block Price Prediction: LBLOCKUSD Flashes a Bullish Trend Reversal
The bulls’ sustained pressure to the $0.0000330 resistance value on the 27th of September has enhanced the coin price to stay above the supply level in its recent price level.

Despite the move by the sell traders, the LBLOCKUSD price remains in an upward trend. However, at the writing time today, the crypto market structure flashes a bullish trend reversal as the bears dropped the coin price to a low of $0.0000214 level above the EMA-50, indicating a bullish trend and also proving that the buy traders are still in control of the market.

Therefore, the Lucky Block pair could signal a bullish trend reversal if buyers can increase their buying activities in the market to rally up to a significant level. The crypto price may reverse from the $0.0000214 support and swing to retest the $0.0000450 previous high, bolstering the bullish momentum for a higher recovery.

Further, the Lucky Block market flashes a bullish trend reversal as the pair has fallen to the oversold region of the daily stochastic. It implies that the selling pressure is likely to end soon.

As a result, buyers would be compelled to resume sooner and the next bullish trend reversal pattern may extend to the $0.0001200 high mark in no long time in its long-term perspective.

LBLOCKUSD Medium-term Trend: Bearish (4H Chart)

The LBLOCKUSD pair flashes a bullish trend reversal on the medium-term chart as the price remains below the supply levels, showing a downward movement. This is clear as the price continues to make lower highs and lower lows. All eyes are glued on the $0.0000330 level, but sellers’ congestion at $0.0000214 has become impenetrable.
Lucky Block Price Prediction: LBLOCKUSD Flashes a Bullish Trend Reversal
At the press time, as anticipation builds for the upcoming surge, the Lucky Block pair flashes a bullish trend reversal as the bearish action drops the crypto price low to a $0.0000214 level below the EMA-50 as the 4-hourly session resumes today. Nevertheless, traders might seize this opportunity to invest in the coin at a lower rate and look for more gains ahead.

However, suppose a renewed surge in buying interest occurs. In that case, the LBLOCKUSD pair may experience a bullish trend reversal at the $0.0000214 current support to hit the $0.0000450 barrier level, providing buyers with a solid entry point.

Notably, the Lucky Block pair has fallen below the 20% range of the daily stochastic, indicating that the pair is now in the oversold region of the market. The selling pressure is likely to subside soon, and we will now be looking into the emergence of buyers in the oversold region of the market.

As a result, the price could pump or surge upsides to hit the $0.0001200 resistance value as soon as the pair flashes a bullish trend reversal in its medium-term outlook.

You can purchase Lucky Block here. Buy LBLOCK

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
Previous Post: « USDCHF Continues Quiet Phase as Price Consolidates
Next Post: EigenLayer (EIGENUSD) Price Is Negotiating the $4.00 Upper Resistance Level »

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Forex School Online

High Probability Price Action Trading

How to make, manage and take profit from trades in the markets

Start Learning (It's Free!)

Turn Your Trades into Winners!

The Price action course is the in-depth advanced training on assessing, making and managing high probability price action trades.

Sign up for Free!

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

Footer

Get Our FREE Course, Bonus Strategies & Indicators!
X
Join Us Now!

Your capital is at risk.

X

CORNERSTONE LESSONS

Forex Trading for Beginners

Price Action Trading

How to Trade Forex

Technical Analysis

Forex Charts

Forex Trading Strategies

Money Management 

Compare Brokers

Best Forex Brokers

Forex Demo Accounts

Best Forex Trading Platforms

Forex Apps

Swap Fee Accounts

MT4 Brokers

CATEGORIES

Forex Videos

Trading Lessons

Weekly Trade Ideas

Start Here Guide

ForexSchoolOnline.com helps individual traders learn how to trade the Forex market

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs.

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.

We Introduce people to the world of currency trading. and provide educational content to help them learn how to become profitable traders. we're also a community of traders that support each other on our daily trading journey

Forexschoolonline.com 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.

Copyright © Forex School Online Sitemap  - Privacy Policy - Disclaimers & Terms of Use - CONTACT US