Tamadoge Price Prediction – May 7
There has been a line of loss of momentums in the TAMA/USD market operations as the crypto-economic trade decreases significantly, finding a rebound in different circumstances. Between $0.02000 and $0.01600, lower range-bound trade locations are now available. Price is currently hovering around $0.016079 as a minute positive percentage rate of 0.90 has been maintained. That demonstrates that optimism has been increasing to achieve a series of swing highs from a lower trading line of the former psychological point of the highest horizontal line produced.
TAMA/USD Market
Key Levels
Resistance levels: $0.02000, $0.02250, $0.02500
Support levels: $0.01500, $0.01250, $0.01000
TAMA/USD – 4-hour Chart
The TAMA/USD 4-hour chart shows the crypto-economic trade decreases significantly, finding a rebound around the $0.01600 support level. The decline would be a lower round of recovering some highs from a restricted trading zone below the SMAs’ trend lines. Underneath the 50-day SMA indication is the 14-day SMA indicator. And they are at the $0.018552 and the $0.021107 value lines. The Stochastic Oscillators are in the oversold region swinging about. And they are at 23.23 and 19.89 points, seemingly attempting to close at those points to indicate that a pause session may play out for a while.
Should long-position holders in the TAMA/USD market now feel at ease investing in the cryptocurrency economy?
It would be an advantage to new intending investors and purchasers to join the TAMA/USD market operation as it decreases significantly, finding a rebound at a lower-trading support level of the previous high of around the point of $0.02000. In the interim, traders should keep in mind that they are working with a developing trading instrument in the cryptocurrency market. So, investors shouldn’t nurse any fear of losing by taking panic sell-off options at no time of declination.
On the downside of the TAMA/USD technical analysis, bears, at this point, should be wary of following the downward trend beyond the lower support of $0.01500 in the long run and medium-term runs. An elongation of the pricing between the two coins below the trend line of the 14-day SMA could mean the market won’t leave quickly out of a depression. And seeing an overbought reading condition from the part of the Stochastic Oscillators will be a confirmation.
TAMA/USD 1-hour chart
The TAMA/USD 1-hour chart showcases the crypto-economic trade decreases significantly, finding a rebound at a lower-trading support of around the $0.01600 line. The 50-day SMA trend line is above the 14-day SMA trend line. And they are in the trading zones of two horizontal lines marking the $0.02000 and the value mentioned earlier. The Stochastic Oscillators are in the overbought region, maintaining 89.86 and 99.74 levels. That shows some gravitational forces to the upside are relatively losing stances. Investors are to never give up on the market, nevertheless. Likewise, buyers with low equity levels should retain smaller lot sizes and refrain from overleveraging their positions.
Forget about Babydoge, TAMA is winning! In the coming days, it will be listed on top CEXs.
https://twitter.com/Tamadogecoin/status/1653374559079342080/photo/1
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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