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Tamadoge (TAMA/USD) Trade Goes Down, Affirming Bounces

Johnathon Fox
12/18/2024 | UPDATED ON: 12/18/2024

Tamadoge Price Prediction – December 18

The price impulses in the market operations pairing Tamacoin against the fiat monetary valuation of the US Dollar have been somewhat left in the control of a light selling force, given that the crypto-economic trade presently goes down, affirming bounce signs.

The price has been set to appear around the lower Bollinger Band’s buy signal side as of the writing of this article. Sellers should postpone agreements when the degree of negotiation is around the $0.0013418 value line since a likely trending rebound situation will soon arise from that market line.

Resistance levels: $0.002, $0.003, $0.004
Support levels: $0.001, $0.00075, $0.0005

TAMA/USD Medium-term Chart

The medium-term TAMA/USD chart reveals that the crypto-economic trade goes down, affirming bounces.

The lower horizontal line beneath the Bollinger Bands trend lines is seen around $0.0012. A sizeable number of 4-hour candlesticks have formed between the middle and the lower parts of the indicators. The stochastic oscillators have dipped into the oversold region. That raises a signal note to desist from executing further selling positions.
Tamadoge (TAMA/USD) Trade Goes Down, Affirming Bounces

Would it be psychologically okay to follow falls stretching downward along the Bollinger Bands as the TAMA/USD market trades around $0.0013418?

Subsequent fall-offs tending to go downward alongside the lower Bollinger Band won’t be logically ideal, given that the TAMA/USD trade currently goes down, affirming bounce signals.

Technically, it is optimal for long-term investors to start placing orders for longing positions as the market activity of the paired instruments currently falls between the second and third positions of the Bollinger Bands. No matter how long it takes the bulls in the TAMA/USD market to gain strength, there will be a huge comeback.
Tamadoge (TAMA/USD) Trade Goes Down, Affirming Bounces

The TAMA/USD short-term

The TAMA/USD short-term chart showcases that the crypto-economic trade goes down, affirming bounce signs.

The Bollinger Bands have continued to stretch systemically in the east direction, denoting that variant range movements have dominated the market pace. The stochastic oscillators are getting ready to reposition around the line of 20. It shows that shorting orders needed to be suspended for longing entries.

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Note: Forexschoolonline.com is 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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