Tamadoge Price Prediction – April 20
There has been a continual predominance of bears in the TAMA/USD trade activities in the last several trading days as the crypto-economic market surges through significant resistances to now capped between the high of $0.024995 and the low of $0.020333 trading value points. The price is currently 16.05 percentage point positives, which indicates that purchasers have been moving at a healthy pace thus far.
TAMA/USD Market
Key Levels
Resistance levels: $0.02500, $0.02750, $0.03000
Support levels: $0.01750, $0.01500, $0.01250
TAMA/USD – Daily Chart
The TAMA/USD daily chart showcases the crypto market surges through significant resistances in a straight-line format above the trend lines of the SMAs. The 14-day SMA indicator is at $0.014212, close below the $0.014997 value line of the 50-day SMA indicator. The Stochastic Oscillators have stretched northbound into the overbought region at 93.61 and 100.00 points, indicating the possibility of not seeing the moves succumbing to a quick reversal mode.
Should the TAMA/USD market traders look beyond the resistance of $0.02500 going by the current uprising force pace?
It is not psychologically okay to continue to push for more rises above the resistance trading of the $0.02500 because the TAMA/USD market has surged through significant resistances to test it in the process recently. The price has achieved a peak session that calls for a necessary retracement to appear soon. A long-position holder has to refrain from launching new yearning orders for a while.
On the downside of the technical analysis, time is getting ripening toward seeing a formation that will suggest the moment of price rejections around the resistances of $0.02500. A sudden breakout at that point will possibly be to complete a buying cycle which may not be stable through the resistance between that point and the $0.03000. A formidable bearish-trading candlestick is required to signify the real-time period to begin to take off some longing orders in profits before a massive correction comes up unprecedentedly.
TAMA/USD 4-hour chart
On the 4-hour chart, it is also that the crypto-economic market surges through significant resistances in a straight-line moving mode over the buying signal side of the SMA trend lines. The 14-day SMA indicator points to the north around $0.01800 below the current trading spot, as the 50-day SMA indicator is underneath it. The Stochastic Oscillators have initially moved southbound between the 60 and 40 levels. But, they have now crossed back northward to 59.55 and 70.75. That signals some appreciation could still materialize afterward. But, bulls would have to be wary of jumping into the trade to avoid an unnecessary whipsawed trading moment that could as well play alongside.
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Note: 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.
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