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TABOO TOKEN (TABOOUSD) Remains in an Uptrend and Keeps Rising

Johnathon Fox
04/07/2023 | UPDATED ON: 04/07/2023

TABOO TOKEN (TABOOUSD) Price Forecast: April 7
TABOOUSD‘s price remains in an uptrend and has the potential for a bullish continuation as the coin now trades strongly above the supply trend levels. There is a higher probability of a price-breaking resistance zone if the buy traders can double their efforts. The potential rally could surge higher to hit a $0.0100 value and beyond.

Key Levels:
Resistance Levels: $0.00245, $0.00255, $0.00355
Support Levels: $0.00125, $0.00115, $0.00105

TABOO (USD) Long-term Trend: Bullish (Daily Chart)
On the chart below, we can see that the TABOOTOKEN price is in an uptrend and is traded in an uptrend channel in the long-term outlook, so we have to look for resistance levels or key setups, which will enable us to enter the trade with low risk.
TABOO TOKEN (TABOOUSD) Remains in an Uptrend and Keeps Rising
The sustained bullish pressure at the $0.00330 supply value during yesterday’s section has made the crypto’s price stay above the supply trend lines in its recent high.

The market price of TABOOUSD rises from $0.00252 to the $0.0079 resistance level above the moving averages as the daily chart opens today; this suggests that the bulls are having the market at their disposal. It is advisable that traders should seize the opportunity now and buy the coin as the journey up north continues.

Next, the daily stochastic indicates an uptrend, if the price on the daily chart closes above the $0.00330 supply level, then there is a high probability of the price reaching the $0.0100 upper high level soon in its higher time frame.

TABOO (USD) Medium-term Trend: Bullish (4H Chart)
The TABOO TOKEN price remains in an uptrend in its medium-term outlook. The price bars can be seen also trading strongly above the moving averages, this means that the coin is in a bullish trend zone.
TABOO TOKEN (TABOOUSD) Remains in an Uptrend and Keeps Rising
The coin has been making higher highs and higher lows in previous actions; this has made it possible for the price to maintain an uptrend in its recent high.

The buy traders caused a strong rise to the $0.00256 resistance level as the 4-hourly session
begins today; this is an indication of an increase in the forces of the bulls in the market.

Hence, with the daily stochastic pointing upwards, breaking above the current price will enable the TABOOUSD price to push up to the resistance level of $0.00330 which could further rise to the $0.0100 upper resistance level and beyond in its medium-term time frame.

Buy TABOO TOKEN on eToro

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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.

View all posts by Johnathon Fox →
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