MINA - MINA/USD - 1H - Technical analysis published on 10/08/2022 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 0.588652 USD
My targets
0.578850 USD (-0.88%)
0.575200 USD (-1.51%)
My analysis
MINA PROTOCOL - MINA/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.588652 USD. The next support located at 0.578850 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.575200 USD. Below this support, sellers could then target 0.572060 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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 0.584000 USD. The price is lower by -0.07% since the last closing and was between 0.583000 USD and 0.590000 USD. This implies that the price is at +0.17% from its lowest and at -1.02% from its highest.0.583000
0.590000
0.584000
Here is a more detailed summary of the historical variations registered by MINA PROTOCOL - MINA/USD:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this MINA PROTOCOL - MINA/USD chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 7 are neutral and 7 are bearish. 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
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bullish doji star
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.575200 | 0.578850 | 0.581760 | 0.584000 | 0.588652 | 0.593000 | 0.601900 |
| Change (%) | -1.51% | -0.88% | -0.38% | - | +0.80% | +1.54% | +3.07% |
| Change | -0.008800 | -0.005150 | -0.002240 | - | +0.004652 | +0.009000 | +0.017900 |
| Level | Minor | Intermediate | Intermediate | - | Major | Minor | 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 | 0.570100 | 0.574400 | 0.579400 | 0.583700 | 0.588700 | 0.593000 | 0.598000 |
| Camarilla | 0.581843 | 0.582695 | 0.583548 | 0.584400 | 0.585253 | 0.586105 | 0.586958 |
| Woodie | 0.570450 | 0.574575 | 0.579750 | 0.583875 | 0.589050 | 0.593175 | 0.598350 |
| Fibonacci | 0.574400 | 0.577953 | 0.580147 | 0.583700 | 0.587253 | 0.589447 | 0.593000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.508633 | 0.539067 | 0.560833 | 0.591267 | 0.613033 | 0.643467 | 0.665233 |
| Camarilla | 0.568245 | 0.573030 | 0.577815 | 0.582600 | 0.587385 | 0.592170 | 0.596955 |
| Woodie | 0.504300 | 0.536900 | 0.556500 | 0.589100 | 0.608700 | 0.641300 | 0.660900 |
| Fibonacci | 0.539067 | 0.559007 | 0.571326 | 0.591267 | 0.611207 | 0.623526 | 0.643467 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.380600 | 0.471800 | 0.531100 | 0.622300 | 0.681600 | 0.772800 | 0.832100 |
| Camarilla | 0.549013 | 0.562808 | 0.576604 | 0.590400 | 0.604196 | 0.617992 | 0.631788 |
| Woodie | 0.364650 | 0.463825 | 0.515150 | 0.614325 | 0.665650 | 0.764825 | 0.816150 |
| Fibonacci | 0.471800 | 0.529291 | 0.564809 | 0.622300 | 0.679791 | 0.715309 | 0.772800 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 43.24 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -4.243233 | |
| AROON (14): | -28.571429 | |
| DEMA (21): | 0.586075 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.590000 | |
| Elder Ray (13): | -0.002693 | |
| Super Trend (3,10): | 0.590837 | |
| Zig ZAG (10): | 0.583300 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 25.52 | |
| TEMA (21): | 0.586406 | |
| Williams %R (14): | -89.55 | |
| Chande Momentum Oscillator (20): | -0.004400 | |
| Repulse (5,40,3): | -0.4185 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0092 | |
| Courbe Coppock: | 0.15 |
| MA7: | 0.587543 | |
| MA20: | 0.587565 | |
| MA50: | 0.634736 | |
| MA100: | 0.693576 | |
| MAexp7: | 0.585832 | |
| MAexp20: | 0.586275 | |
| MAexp50: | 0.586360 | |
| MAexp100: | 0.587286 | |
| Price / MA7: | -0.60% | |
| Price / MA20: | -0.61% | |
| Price / MA50: | -7.99% | |
| Price / MA100: | -15.80% | |
| Price / MAexp7: | -0.31% | |
| Price / MAexp20: | -0.39% | |
| Price / MAexp50: | -0.40% | |
| Price / MAexp100: | -0.56% |
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.
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