Tamadoge Price Prediction – October 2
As there have been financial trade situations showcasing that lows have been coming before making recoveries in the Tamadoge market versus the US Dollar, given that the crypto-economic price keeps base at $0.008, Bouncing Upward
The points at lower values, from $0.008000 down to the all-time low point of $0.006000, are now accepted. The buying pressure is in a dominant trade mode at the time of this technical article, showing a minute negative percentage rate of 0.07. A reversal movement is therefore more likely to occur below the resistance trading line of $0.009000. However, even below a stronger resistance line of $0.01500, buyers are urged to continue buying.
Resistance levels: $0.009000, $0.009500, $0.01000
Support levels: $0.008000, $0.007500, $0.007000
TAMA/USD Medium-term Chart
The TAMA/USD medium-term chart showcases the crypto-economic price keeping its base at $0.008, bouncing upward most of the time from the trade line.
The 50-day SMA indicator is at $0.008788, above the $0.008392 value line of the 14-day SMA indicator. The stochastic oscillators are in the overbought trading region, ranging from 94.57 to 99.02 values. That signifies that selling activities may still come up.
Should market activity in the TAMA/USD trade setup keep increasing in comparison to the SMAs?
The TAMA/USD trade bulls are advised to keep on with their longing order positions, breaking through the values of the moving averages as the crypto-economic price keeps base at $0.008000, bouncing upward from the line overly.
The attempts to move higher have been made in order to run against a barrier-trading line that is located around the larger SMA’s point around $0.008788. Bulls must continue to intensify price forces for the price to move past the $0.009000 resistance line in the near future. It is still technically acceptable to move forward with deploying the long-awaited positions.
TAMA/USD Short-term chart
The TAMA/USD short-term chart reveals the crypto market keeps its base at $0.008000, bouncing upward from the line.
The 14-day SMA trend line has successfully crossed the 50-day SMA trend line gently to the north. The price is on a rising pressure index, and the stochastic oscillators have been strongly sustaining a strong northward-stretching motion to indicate that the purchasing spree forecast will continue for some time.
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