TABOO TOKEN (TABOOUSD) Price Forecast: May 6
The TABOO TOKEN (TABOOUSD) price might increase to the $0.00900 high value soon as it is on its way to the upper resistance trend levels. The coin price may achieve this provided buyers don’t give up and increase their momentum pressure in the market. The coin might turn upside further to the mentioned supply and beyond.
Key Levels:
Resistance Levels: $0.00550, $0.00650, $0.00750
Support Levels: $0.00330, $0.00220, $0.00110
TABOO (USD) Long-term Trend: Bullish (Daily Chart)
The TABOO TOKEN pair is having a bullish posture trading above the moving averages in its long-term outlook, which means that it’s in a bullish trend zone. However, the market is presently facing upper resistance at the recent high.
The high order flow from the bulls at the $0.00459 resistance level during yesterday’s session also added to this bullishness.
The current price of the pair at a $0.00498 high level above the two EMAs as the daily session opens today indicates an uptrend in the context of the strength of the market. This gives room for a more bullish impact on the market at the moment.
In addition to that, the daily stochastic which is in an upward direction suggests a tendency for the coin to rise further, if the support level holds, this will enable buyers to take the price of TABOOUSD up to a high of $0.00900 soon in its long-term perspective.
TABOO (USD) Medium-term Trend: Bullish (4H Chart)
TABOOUSD is showing a more bullish impact in its medium-term outlook. The bulls are having the market at their disposal at the moment. 
The bullish pressure at the $0.00459 supply level in the past few hours has made the coin stay above the supply trend levels in its recent high.
The bulls made an aggressive move up with a long bullish candle to the $0.00498 resistance level above the two EMAs shortly after the 4-hourly chart opens today. This however makes it capable for the coin to rise further.
Trading above the moving averages will enable the market value of TABOO TOKEN to keep pushing up. Therefore, if the bulls should add more aggression to their activities in the market, the $0.00900 resistance level might be reached soon in its medium-term time frame.
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