• 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 Price is on the Verge of Reversal

Johnathon Fox
09/05/2023 | UPDATED ON: 09/05/2023

Lucky Block Price Prediction – September 5
The Lucky block market is on the verge of possible reversal as the selling pressure is about to be completed. The crypto is trading in the oversold region. Hence, the coin price might possibly rebound and turn positive at the $0.0001140 support level if further selling motive is prevented. If this is achieved by the long traders, the price breakout may test the previous high of $0.0003429 value and this may likely hit the $0.001000 supply trend line and beyond and set the potential for future growth.

Key Levels:
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0000900, $0.0000800, $0.0000700
Lucky Block Price Prediction: LBLOCKUSD Price is on the Verge of Reversal
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
LBLOCKUSD is in a bullish posture in its long-term view. The price is above the two EMAs, indicating an upward momentum and the high impact of buyers in the market.

The sustained bullish pressure at the $0.0001193 supply level in the past few days actually made it possible for the buy investors to retain the strength in its recent price level.

Today, despite the moves by the sell traders the price of Lucky Block remains in an uptrend at the $0.0001140 support value which is above the two EMAs. Hence, staying above the supply levels indicates a strong possibility for a bullish correction.

Therefore, should buyers increase their buying actions and step into this uncertainty, the coin price may rise to retest the $0.0003429 resistance point which would strengthen the bullish pressure.

Notably, the pair is on the verge of reversal at the mentioned support as the price of
LBLOCKUSD now approaches the oversold region of the market. It implies that the selling pressure will soon be exhausted.

We will now be looking into the emergence of buyers in the oversold region of the market.
This crossover could encourage the breakout rally to hit the $0.001000 supply level in the coming days in its higher time frame.

LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The LBLOCKUSD pair is in a bullish movement zone in its medium-term outlook. However, the coin price which is in red above the EMA-50 is on the verge of reversal as the market is oversold already.
Lucky Block Price Prediction: LBLOCKUSD Price is on the Verge of Reversal
The sustained pressure from the bears at the $0.0001149 support level in the past few hours has contributed to its bearishness in its recent low.

The drop in the price of Lucky Block to the $0.0001140 low value above the EMA-50 as the 4-hour chart commenced today has no serious effect on the market as the price remains in an uptrend.

Hence, should buyers add more energy to their buying pressure, the crypto price could break above the $0.0001602 supply level which will offer a strong resistance to the crypto price.

Additionally, the crypto is on the verge of reversal and further downsides are unlikely as the market price of LBLOCKUSD has reached the oversold region. The coin will resume an uptrend soon, so we can now grow in confidence that a potential buy is coming near.

The price jump could hit the $0.001000 resistance level in the days ahead, indicating a strong supply zone for a potential BUY in its medium-term perspective.

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: « Arbitrum (ARBUSD) Bulls Will Push Higher, Targeting the $1.500 High Mark
Next Post: GBPUSD Looks Burdened Below the 1.2700 Price 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