Tamadoge Price Prediction – September 4
It currently appears that the TAMA/USD market will have to resort to a line of necessary corrections, predominantly beneath the resistance line of $0.01200, as the crypto trade is hiking and finding a base.
Since bears have not yet moved the price line through the values of the moving averages, the forces that may have supported market gains through higher resistances are now under check. If sellers even have to be moderate in their pushes, a successful breakdown of support around $0.01000 will vitally assist in securing fresh lows toward the point of $0.009000.
TAMA/USD Market
Key Levels
Resistance levels: $0.01150, $0.01200, $0.01250
Support levels: $0.009000, $0.008500, $0.008000
TAMA/USD Medium-term Chart
The TAMA/USD medium-term chart shows the crypto market is hiking around its smaller indicator, finding a base in the process of trying to garner energy before resuming significant northward pushes.
The 14-day SMA trend line is positioned below the current reversal trading candlestick, while the 50-day SMA trend line is placed underneath. The placement position of the bigger moving average signifies that the key line tending to stand against smooth southward breaches is found around $0.009000. The Stochastic Oscillators are in the oversold region, maintaining a slight southward-bending posture.
Which of the two clear directions may the TAMA/USD market be moving in next?
Going by the reading propensity signal of the Stochastic Oscillators from the angle of a daily chart, an overbought condition has been in place, given that the TAMA/USD market is hiking and finding bases around the lesser SMA.
Long-term investment trade approaches are nevertheless urged to return to a condition that will read lower ranges for its trending potential, despite the market being overbought from the perspective of a higher time frame. Buyers must use caution when entering the market again after a reversal move produces a favorable indication.
TAMA/USD Short-term chart
The TAMA/USD short-term chart shows the crypto trade is hiking and finding a base around the bullish trend line drawn around the bigger moving average, which is located at $0.010592.
The trend line of the 14-day SMA indicator is above the $0.010263 value line of the 50-day SMA indicator. A tangible drawback has been made in the business economy of crypto, making the price hover around the point of the larger moving average. The stochastic oscillators are standing around the point of 20. Buying at this moment may experience a shift downward, causing a delay in the appreciation of the market’s valuation. But they should not hold on for long.
What has the Tamaverse been trembling about this week? Here’s a 60-second update from TamaTom to find out:
What’s shaking in the Tamaverse this week? Let’s find out with a 60 second update from TamaTom:
— TAMADOGE (@Tamadogecoin) September 1, 2023
🐶 August/September product roadmap
💰 $TAMA Staking is open for business
🔥 What is mystery project 2?
Go #TAMA Army! pic.twitter.com/KhCamx9dSh
Do you want a coin that would 100X in the next few months? That is Tamadoge. Buy TAMA today
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