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Tamadoge (TAMA/USD) Market Tests $0.010, Spiraling to $0.011

Johnathon Fox
09/06/2023 | UPDATED ON: 09/06/2023

Tamadoge Price Prediction – September 5
A trade formation has surfaced as a way of displaying an effect of depression on the TAMA/USD trade, leading to the crypto market testing a support line around $0.01000 and spiraling back to $0.01100.

Even if short-position placers’ effects are not ignored, in our opinion, buying should continue, especially if the resistance line of $0.01200 stays unbroken in favor of allowing appropriate ups. Intentional traders in this market should place more of their attention on the investment trading method over the long term rather than taking positions against selling activity over the short or medium term.

TAMA/USD Market
Key Levels
Resistance levels: $0.01200, $0.01250, $0.01300
Support levels: $0.009000, $0.008500, $0.008000

TAMA/USD Medium-term Chart

The TAMA/USD medium-term chart showcases the crypto-economic market testing the point of $0.0100 after a line of retracements took place, spiraling back to a high point of $0.01100.

A bearish candlestick has seemed to send a cautionary indication against the act of impulsively placing a purchase order in the market right now. The 14-day SMA indicator is $0.010259 above the 50-day SMA indicator’s value of $0.009341. The stochastic oscillators are now located around 30.46 and 52.49 after crossing northward from the oversold area. Buyers who have a short-term mentality might consider getting in on the trend right away.
Tamadoge (TAMA/USD) Market Tests $0.010, Spiraling to $0.011

Where does the crucial support line currently stand in the TAMA/USD relative to the SMA positions?

Presently, the pivotal level against the current price of the TAMA/USD market operations has been seen around $0.01000, given that the crypto’s price tested the support of $0.01000 initially before spiraling to $0.01100.

Negative situational report data for the current price is between $0.010850 and $0.010551 high and low values, trading at approximately $0.010574 at a negative percentage rate of 2.52 due to a minor motion. The reading postures of the stochastic oscillators based on the 4-hour and 1-hour, complementing each other at lower areas, would be of great technical interest for bulls to consider before launching a long entry order later on.
Tamadoge (TAMA/USD) Market Tests $0.010, Spiraling to $0.011

TAMA/USD Short-term chart

The TAMA/USD short-term chart shows the crypto market testing $0.01000 support before spiraling to $0.01100.

At one point, the 14-day SMA indicator curled southward and touched the location of the 50-day SMA indication. A rise has been there for some time, as seen by the small northbound crossing style between them. The overbought region has been entered by the stochastic oscillators. And they have begun a brief southward curve, maintaining a lower value between 88.67 and 77.13 points. A bearish candlestick has formed to signal that selling actions are likely to outweigh purchasing stances at the end of the cycle, which will generate momentum.

Keep up with us on social media for the most recent information as we work to complete our autumn plan.

 

We’re getting ready to launch Mystery Project 2 this week 🔥

Stay tuned to our socials for the latest news as we continue to smash through our autumn roadmap 💪 pic.twitter.com/Kqa9aaQNKc

— TAMADOGE (@Tamadogecoin) September 5, 2023


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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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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