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Tamadoge’s (TAMA/USD) Price Finds a Bottom, Producing Rallies

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

Tamadoge Price Prediction – July 3
In response to the slow-and-steady declining motion that has been predominant in the operations of the TAMA/USD recently, the situation has now changed to make the crypto-economic price find a bottom, producing rallies from above the line of $0.01200.

Considerably, the gravitational force to the downside has been seen taking on an upward pressure suitable for long-position takers to leverage their fresh entries without much delay as the price keeps a minute negative percentage rate of 0.05 to transact between the zones of $0.012983 and $0.012870.

TAMA/USD Market
Key Levels
Resistance levels: $0.01500, $0.01600, $0.01700
Support levels: $0.01200, $0.01100, $0.01000

TAMA/USD – 4-hour Chart

The TAMA/USD 4-hour chart shows that the crypto-economic price finds a bottom, producing rallies closely above the pivotal point of $0.01200.

The 50-day SMA indicator is at $0.013500, above the $0.013271 point of the 14-day SMA indicator. It shows that they are still moving in a conjoining direction toward the east. The Stochastic Oscillators have remained northbound, crossing from the oversold region to positions at 38.48 and 47.79 levels. That indicates that the buying spree is gaining some momentum.
Tamadoge's (TAMA/USD) Price Finds a Bottom, Producing Rallies

Will the TAMA/USD market soon give in to resistance near the 14-day SMA’s point?

Even though there might be a put-off for a while around the smaller SMA in the current pace of upsurges, the TAMA/USD price has found a bottom, producing rallies toward the levels of overhead resistances.

Today’s first 4-hour candlestick has emerged to bottom in negation to the last one formed at the last trading hours of yesterday to demonstrate a resumption of reliable rises over the horizontal line of the $0.01200 support. It is recommended either instant buying execution or the triggering of limit orders; long-position placers need to hold on to their positions. Like wisely, the investors should do even more by adding to their portfolios during the dips.
Tamadoge's (TAMA/USD) Price Finds a Bottom, Producing Rallies

TAMA/USD 1-hour chart

The 1-hour chart reveals that the crypto-economic trade finds a bottom, producing rallies northward to the trending line of the smaller SMA.

The 14-day SMA and the 50-day SMA indicators have been slightly separated by a space to still maintain a depressing outlook on the current trading point. The Stochastic Oscillators are in the overbought region, keeping the points between 97.15 and 96.40. That showcases that some lows may be forthcoming toward regaining a strong stance to make an upward stride.

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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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