Tamadoge Price Prediction, December 5
A chain of transactional technicalities has been playing out in the TAMA/USD market operations as the crypto-economic price faces rejections around the logical value line of $0.009.
Variant ups and downs have emerged in the market between the marks of $0.00900 and $0.008500 over the course of a few hours and even several days. Hopes that the cryptocurrency market will surpass the US dollar’s strength in the coming months should grow every day, provided that the decimal places are not delayed. Buyers should stick to their strategy of hanging onto accumulation processes based on long-term running based on that prediction.
Resistance levels: $0.009500, $0.01000, $0.01050
Support levels:$0.0085, $0.00800, $0.007500
TAMA/USD Medium-term Chart
The TAMA/USD medium-term chart reveals that the crypto-economic price faces rejections, trading at $0.009.
The stochastic oscillators have moved downward into the oversold region, and we are presently trying to place them back to the upside to denote that bears are not likely to hold long on the south side. The Bollinger Band trend lines have been slowly pointing toward the north direction, showcasing that the current critical pivot line lies around the point of $0.0085.
Which positioning values must the bulls in the TAMA/USD market surpass in order to maintain sustainability?
As there have been several attempts made in the way that buyers and sellers have been featuring in the business activities of TAMA/USD, buying activities have to push against the zone of $0.009 without giving in to any reversal move, as the price faces rejections and trades around the value line.
The trend has remained northward, and psychological spots inside rises and falls have been identified by utilizing the middle and upper Bollinger Band trend lines. Bulls must hold trade places between $0.0085 and $0.00800 in order to maintain the upward trending motions by preventing aggressive forces from remaining below them for an extended period of time. If that presumptive scenario proves to be true, investors shouldn’t be afraid to support dips in order to prevent panic sales.
TAMA/USD short-term chart
The TAMA/USD short-term chart showcases that the crypto market faces rejections, trading around the value line of $0.009.
At this moment, it is necessary to exercise caution while executing positions meant to cash out in profits soon because the Bollinger Band trend lines are slightly bending southward. The stochastic oscillators have broken through the overbought area, indicating that the upward velocity has peaked and that a pullback is necessary before additional gains are possible.
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