Tamadoge Price Prediction – May 10
Some smaller bearish forces have continued to surface in the TAMA/USD market as the crypto-economic price moves in ranges before uprisings could come back into play. The last hours have produced high and low values between $0.016936 and $0.015976 points at an average negative percentage rate of 5.08. The rate of velocity in the declining motion still outweighs the potency pace of swatting back to sustainable re-occurrence of ups in the process.
TAMA/USD Market
Key Levels
Resistance levels: $0.02000, $0.02250, $0.02500
Support levels: $0.01250, $0.01000, $0.00750
TAMA/USD – 4-hour Char
The TAMA/USD 4-hour chart showcases the crypto price moves in ranges before it could regain uprisings around the line of $0.01500. The 14-day SMA indicator is at a $0.016726 value beneath the $0.019514 line of the 50-day SMA indicator. The Stochastic Oscillators have struggled to move out of the overbought region to 76.36 and 74.44 levels to denote a decrease in the force on a lighter mode. In the wake of that sentiment going on, bulls needed to be on the lookout for an emergence of a bullish trading candlestick to truncate the effects of bears so far in the market.
Will the TAMA/USD market buyers move as far north as from the 14-day SMA?
It would be highly technically inclining to wait for the repositioning of the Stochastic Oscillators at considerably lower trading levels ahead of reconsidering a buyback at a given time afterward. As it is, the TAMA/USD market could fall to revisit its previous low of around $0.01400 or thereabout so that there can be enough room to metamorphose into energy-mustering moments. Nonetheless, investors should continue with their buying idea from the dips.
On the reduction side of the TAMA/USD technical record, selling activity is relatively ongoing, with a pose of risk shorting entries playing along. That is to suggest that bears could cause a delay in the process of having bounce-offs. Therefore, short-position placers shouldn’t dwell overly in their positions opened around the value of the 14-day SMA trend line.
TAMA/USD 1-hour chart
The TAMA/USD 1-hour chart reveals the crypto-economic price moves in ranges before staging uprisings, possibly around the $0.01500 support level. Around $0.016670 or thereabouts, the 50-day and the 14-day SMA trend line have joined forces. The Stochastic Oscillators have traversed southbound from around 65 to 8.06 and 0.00 levels. Already existing buyers in this crypto economy must wait for a confirmation of the Oscillators closing and crossing northbound to intend adding to their orders. At the same time, they should eschew running their presence in an overleveraging mode.
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https://twitter.com/Tamadogecoin/status/1653374559079342080/photo/1
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