Tamadoge Price Prediction – May 8
There has been a concurrent decimation-moving recourse in the TAMA/USD market operations as the crypto-economic price falls relatively to reclaim a bounce. The cryptocurrency market has been compelled to trade at a minute negative percentage rate of 0.30, or roughly $0.014651, between the trading zones of $0.014721 and $0.014581 values. Despite being bearish, the circumstance doesn’t offer any appealing shorting entries. Buyers should therefore take care to avoid overleveraging their positions.
TAMA/USD Market
Key Levels
Resistance levels: $0.02000, $0.02250, $0.02500
Support levels: $0.01250, $0.01000, $0.00750
TAMA/USD – 4-hour Chart
The TAMA/USD 4-hour chart showcases the crypto-economic price falls relatively to reclaim a bounce even though the trending moment has deprived of creating a formidable over time until the present below the SMA trend lines. The 14-day SMA indicator is downward-positioning at $0.016933 beneath the $0.020190 line of the 50-day SMA indicator. The Stochastic Oscillators have crossed southbound from around 40 to 37.21 and 33.46 levels. 
What should traders of the TAMA/USD price anticipate in the prolonged downtrend’s rebound as it has over time presumed?
Traders’ reactions toward this emerging TAMA/USD market should be to protect their stances against the possibility of having a reduced equity that could enter a margin call around the support of $0.00750 as the price falls relatively to reclaim a bounce. That sentiment will be forthcoming when a trading candlestick suddenly surfaces to break the 14-day SMA trend line northwardly. Investors could continue buying through various lower supports below the SMA trend lines.
On the downside of the TAMA/USD technical analysis, it is still not technically ideal to jump at shorting the positions alongside the decline from the current trading zone. And those sellers who might have taken the risk of opening positions around the line of the psychological point at $0.02000 needed to begin to pull out because as soon as the falling reaches a completion stage, a bounce-off is bound to resurface in no time.
TAMA/USD 1-hour chart
The TAMA/USD 1-hour chart showcases the crypto-economic price falls relatively to reclaim a bounce, possibly from a close point below the trend line of the smaller SMA. The 14-day SMA indicator is underneath the 50-day SMA indicator. And they are pointing southward over the trading candlesticks. The Stochastic Oscillators are positioned at 32.80 and 40.80 levels to indicate that a pause session that has a light-buying trait is ongoing. New long-position takers could join with smaller lot sizes before the presumed rebounding cycle to a course afterward.
Forget about Babydoge, TAMA is winning! In the coming days, it will be listed on top CEXs.
https://twitter.com/Tamadogecoin/status/1653374559079342080/photo/1
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.
Leave a Reply