Tamadoge Price Prediction – October 20
The present financial trade situation shows that a downward velocity has been in a gradual motion to affirm that the TAMA/USD trade sits around the line of $0.008, keeping up the stimulus.
Sellers would be put on a whipsawed transaction condition if they attempted to make new shorting position orders, especially if the presumptive trade order lacks the weight to breach past the area of the lower Bollinger Band trend line. This has been demonstrated in the last few hours of this day’s trading activities. Apart from that, if such a scenario comes to pass, it would be wise for investors and long-term position holders to increase their holdings in order to optimize enormously favorable consequences.
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 that the crypto-economic trade sits around the line of $0.008, keeping stimulus between the point and the lower trend line of the Bollinger Band.
The stochastic oscillators are positioned from 43.929278 to 23.179048. The middle Bollinger Band is situated at $0.008171, serving as the major part of the current trade spot, leaving the upper Bollinger Band at $0.008501 and their lower side at $0.007841. The emergence of the candlesticks has been closely above the lower Bollinger Band, denoting that buyers are in the mode of trying to regain their stances firmly.
Should long-position pushers still stay off from around $0.008 at this time given the buying and selling activity in the TAMA/USD market?
Investors and long-position movers should not hold back from garnering positions in the TAMA/USD market, as the crypto-economic trade sits around $0.00800, keeping up the stimulus.
Around the line $0.00800, there may be a continuation of range-like moving modes. In such a case, it would be acceptable for buyers to continue assembling their positions before gravitational force began to recover. Takers of short positions should be cautious not to stray too far beneath the line. Buyers should tighten their purse strings and place entries against any indication that the velocity of the current trading axis is declining. They are advised to follow the move even if the price increases from this point.
TAMA/USD Short-term chart
The TAMA/USD short-term chart showcases the crypto-economic trade sitting around $0.00800, keeping stimulus within the Bollinger Band trend lines.
The Bollinger Band trend lines are set at $0.008145, $0.008014, and $0.007883 in that sequence on the outlook of the 1-hour chart trade basis to show that the market is now pushing into range-bound zones. The stochastic oscillators are located northward between the values of 48.396319 and 76.322392. The arrangement pattern of the oscillators has developed a buy signal to sharpen bulls’ objectives in the market throughout subsequent operations.
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