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Tamadoge (TAMA/USD) Price Looms, Prolonging Bounce Index

Johnathon Fox
11/07/2023 | UPDATED ON: 11/07/2023

Tamadoge Price Prediction – November 6
The production of uprising and downsizing activities showing the presence of buyers and sellers in the TAMA/USD market has led to the crypto-economic price looming, prolonging the bounce index.

According to the general closure technical assessment, the price needs to stay higher for a while near the $0.00800 line in order to support the likelihood of stable trading and the potential to resume a move higher. Bears need to exercise caution when moving southward against the lower trend line, regardless of how long the market has been staying in the current range-bound areas of the Bollinger Band.

TAMA/USD Market
Key Levels
Resistance levels: $0.008500, $0.009000, $0.009500
Support levels: $0.007500, $0.007000, $0.006500

TAMA/USD Medium-term Chart

The TAMA/USD medium-term chart showcases the crypto market looming around the bargaining line of $0.00800, prolonging the bounce index.

The Bollinger Band trend lines are obtained at $0.008195, the middle indicator is at $0.008028, and the lower part is at $0.007862, respectively. The stochastic oscillators have been positioned from 51.267691 to 88.460270 points. A line of 4-hour candlesticks has surfaced around the upper Bollinger Band trend line to indicate that traders are witnessing a rejection moment.
Tamadoge (TAMA/USD) Price Looms, Prolonging Bounce Index

Given that the TAMA/USD price is hovering around $0.008, should purchasers be cautious when purchasing from the $0.007862 point?

It will be another round of buying from the dip as the TAMA/USD market looms around the psychological line of $0.00800, prolonging the bounce index.

The trade actions of Tamadoge against the US dollar have slowed down as a result of the Bollinger Bands identifying strategic values that the price must unquestionably push in the operations that follow. Since the $0.008500 and $0.007500 points have been experiencing ups and downs, greater buying activity should predominate in any moves that tend to feature inside those values.
Tamadoge (TAMA/USD) Price Looms, Prolonging Bounce Index

TAMA/USD Short-term chart

The TAMA/USD short-term chart showcases the crypto trade looming around the line of $0.00800, prolonging the bounce index.

The values of the stochastic oscillators are crossing over to the south, from 50.653093 to 39.170933. The Bollinger Band trend lines are oriented southerly, with the lower component at $0.007922 and the upper part at $0.008198 and $0.008060. Even though the upward forces have not been maintained outside of the upper Bollinger Band trend line, it is still advised to take more positions.

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— TAMADOGE (@Tamadogecoin) November 5, 2023


Do you want a coin that would 100X in the next few months? That is Tamadoge. Buy TAMA today


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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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.

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