MINA - MINA/USD - 1H - Technical analysis published on 08/22/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 0.777433 USD
My targets
0.714300 USD (-1.79%)
0.682000 USD (-6.23%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on MINA PROTOCOL - MINA/USD as long as the price remains well below 0.777433 USD. The next bearish objective for sellers is set at 0.714300 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.682000 USD. If there is any crossing, the next objective would be the support located at 0.654236 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.2
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MINA PROTOCOL - MINA/USD rating 0.727300 USD. The price is lower by -0.10% since the last closing with the lowest point at 0.714200 USD and the highest point at 0.731600 USD. The deviation from the price is +1.83% for the low point and -0.59% for the high point.0.714200
0.731600
0.727300
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MINA PROTOCOL - MINA/USD:
Technical
Technical analysis of MINA PROTOCOL - MINA/USD in 1H shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bullish doji star
Type : Bullish
Timeframe : 1 hour
Downside gap
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.654236 | 0.682000 | 0.714300 | 0.727300 | 0.791011 | 0.834593 | 0.872000 |
| Change (%) | -10.05% | -6.23% | -1.79% | - | +8.76% | +14.75% | +19.90% |
| Change | -0.073064 | -0.045300 | -0.013000 | - | +0.063711 | +0.107293 | +0.144700 |
| Level | Intermediate | Major | Minor | - | Minor | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.675433 | 0.692867 | 0.710433 | 0.727867 | 0.745433 | 0.762867 | 0.780433 |
| Camarilla | 0.718375 | 0.721583 | 0.724792 | 0.728000 | 0.731208 | 0.734417 | 0.737625 |
| Woodie | 0.675500 | 0.692900 | 0.710500 | 0.727900 | 0.745500 | 0.762900 | 0.780500 |
| Fibonacci | 0.692867 | 0.706237 | 0.714497 | 0.727867 | 0.741237 | 0.749497 | 0.762867 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.355467 | 0.518733 | 0.614167 | 0.777433 | 0.872867 | 1.036133 | 1.131567 |
| Camarilla | 0.638458 | 0.662172 | 0.685886 | 0.709600 | 0.733314 | 0.757028 | 0.780743 |
| Woodie | 0.321550 | 0.501775 | 0.580250 | 0.760475 | 0.838950 | 1.019175 | 1.097650 |
| Fibonacci | 0.518733 | 0.617557 | 0.678610 | 0.777433 | 0.876257 | 0.937310 | 1.036133 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.372833 | 0.487367 | 0.629833 | 0.744367 | 0.886833 | 1.001367 | 1.143833 |
| Camarilla | 0.701625 | 0.725183 | 0.748742 | 0.772300 | 0.795858 | 0.819417 | 0.842975 |
| Woodie | 0.386800 | 0.494350 | 0.643800 | 0.751350 | 0.900800 | 1.008350 | 1.157800 |
| Fibonacci | 0.487367 | 0.585541 | 0.646193 | 0.744367 | 0.842541 | 0.903193 | 1.001367 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.42 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -5.227717 | |
| AROON (14): | -71.428572 | |
| DEMA (21): | 0.727518 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.741378 | |
| Elder Ray (13): | -0.006701 | |
| Super Trend (3,10): | 0.707267 | |
| Zig ZAG (10): | 0.717000 | |
| VORTEX (21): | 0.9897 | |
| Stochastique (14,3,5): | 21.21 | |
| TEMA (21): | 0.725200 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.019000 | |
| Repulse (5,40,3): | -1.4122 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0276 | |
| Courbe Coppock: | 2.39 |
| MA7: | 0.745671 | |
| MA20: | 0.835415 | |
| MA50: | 0.758664 | |
| MA100: | 0.777967 | |
| MAexp7: | 0.723637 | |
| MAexp20: | 0.728110 | |
| MAexp50: | 0.729121 | |
| MAexp100: | 0.746453 | |
| Price / MA7: | -2.46% | |
| Price / MA20: | -12.94% | |
| Price / MA50: | -4.13% | |
| Price / MA100: | -6.51% | |
| Price / MAexp7: | +0.51% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -0.25% | |
| Price / MAexp100: | -2.57% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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