Tamadoge Price Prediction – December 23
The TAMA/USD market bulls have been fond of not quickly pushing back against a slight degree of depressing moves in the operations, as the crypto economy affirms basis, building energy.
Since such moves are theoretically carrying a motivation to give in back to historically strong bounce-offs, the gravity of the reductions has not been as strong as it could have been, allowing for solid, consistent shorting entry. Throughout several sessions, sellers have been unable to confidently pull the trade line below the crucial underlying support value of $0.001.
Resistance levels: $0.0015, $0.0025, $0.0035
Support levels: $0.001, $0.00075, $0.0005
TAMA/USD Medium-term Chart
The medium-term TAMA/USD chart mirrors that the crypto-economic trade affirms basis, building energy at a logically considerably lower zone.
The trend lines of the Bollinger Bands have been slightly positioned downward between the key trade points of $0.0015 and $0.001, denoting that the movements to the negative side have gotten a notable lower spot around the lower part of the indicators. The stochastic oscillators have bent southward, closer to the line of 20.
Will the TAMA/USD trade keep losing positions in the middle Bollinger Band while the price stays at $0.0011523?
Given that the crypto-economic price is now affirming its base and gaining strength above the $0.001 mark, we do not support the probability that the TAMA/USD market would fail for an extended period of time around the middle Bollinger Band.
It has been noted that the positions of the trending paths between the middle and lower Bollinger Bands can be used as entry locations to secure dip buy orders, particularly when a rebounding move is being sought. Since the market tends not to repeat large rallies in the near future, the horizontal line around $0.001 continues to be the crucial support trading location in the long-term running mode.
The TAMA/USD short-term
The TAMA/USD short-term chart showcases that the crypto-economic trade affirms basis, building energy at a lower area.
The stochastic oscillators have dipped into the oversold area as of this writing, indicating that bulls are preparing to retake positions. The Bollinger Bands’ trend lines have extended, beginning inside the $0.0015 and $0.001 trading lines. In order to let purchasers hold onto their position orders before possible rebounds, certain lower highs have been emerging at the lower bargaining axis.
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