MINA - MINA/USD - 1H - Technical analysis published on 11/04/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
33%
33%
33%
My opinion
Bullish above 0.710231 USD
My targets
0.772900 USD (+5.98%)
0.799200 USD (+9.58%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on MINA PROTOCOL - MINA/USD. As long as you are above the support located at 0.710231 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.772900 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.799200 USD as an objective. Crossing it would then enable buyers to target 0.834000 USD. If the support 0.710231 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MINA PROTOCOL - MINA/USD price is 0.729300 USD. The price is lower by -0.10% since the last closing and was traded between 0.713100 USD and 0.746300 USD over the period. The price is currently at +2.27% from its lowest and -2.28% from its highest.0.713100
0.746300
0.729300
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of MINA PROTOCOL - MINA/USD in 1H shows an overall bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 6 are neutral and 6 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bearish doji star
Type : Bearish
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 | 0.609433 | 0.662500 | 0.710231 | 0.729300 | 0.772900 | 0.799200 | 0.834000 |
| Change (%) | -16.44% | -9.16% | -2.61% | - | +5.98% | +9.58% | +14.36% |
| Change | -0.119867 | -0.066800 | -0.019069 | - | +0.043600 | +0.069900 | +0.104700 |
| Level | Minor | Major | Major | - | Minor | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.535500 | 0.616000 | 0.673000 | 0.753500 | 0.810500 | 0.891000 | 0.948000 |
| Camarilla | 0.692188 | 0.704792 | 0.717396 | 0.730000 | 0.742604 | 0.755208 | 0.767813 |
| Woodie | 0.523750 | 0.610125 | 0.661250 | 0.747625 | 0.798750 | 0.885125 | 0.936250 |
| Fibonacci | 0.616000 | 0.668525 | 0.700975 | 0.753500 | 0.806025 | 0.838475 | 0.891000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.282100 | 0.402200 | 0.559000 | 0.679100 | 0.835900 | 0.956000 | 1.112800 |
| Camarilla | 0.639653 | 0.665035 | 0.690418 | 0.715800 | 0.741183 | 0.766565 | 0.791948 |
| Woodie | 0.300450 | 0.411375 | 0.577350 | 0.688275 | 0.854250 | 0.965175 | 1.131150 |
| Fibonacci | 0.402200 | 0.507976 | 0.573324 | 0.679100 | 0.784876 | 0.850224 | 0.956000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.230967 | 0.367233 | 0.526667 | 0.662933 | 0.822367 | 0.958633 | 1.118067 |
| Camarilla | 0.604783 | 0.631888 | 0.658994 | 0.686100 | 0.713206 | 0.740312 | 0.767418 |
| Woodie | 0.242550 | 0.373025 | 0.538250 | 0.668725 | 0.833950 | 0.964425 | 1.129650 |
| Fibonacci | 0.367233 | 0.480191 | 0.549976 | 0.662933 | 0.775891 | 0.845676 | 0.958633 |
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): | 49.93 | |
| MACD (12,26,9): | -0.0024 | |
| Directional Movement: | 7.447637 | |
| AROON (14): | -57.142857 | |
| DEMA (21): | 0.736378 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.762734 | |
| Elder Ray (13): | 0.002163 | |
| Super Trend (3,10): | 0.706128 | |
| Zig ZAG (10): | 0.737600 | |
| VORTEX (21): | 0.8594 | |
| Stochastique (14,3,5): | 25.36 | |
| TEMA (21): | 0.725747 | |
| Williams %R (14): | -66.77 | |
| Chande Momentum Oscillator (20): | -0.034600 | |
| Repulse (5,40,3): | 0.7487 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0245 | |
| Courbe Coppock: | 6.99 |
| MA7: | 0.702800 | |
| MA20: | 0.611370 | |
| MA50: | 0.593180 | |
| MA100: | 0.670217 | |
| MAexp7: | 0.728264 | |
| MAexp20: | 0.737041 | |
| MAexp50: | 0.728833 | |
| MAexp100: | 0.711441 | |
| Price / MA7: | +3.77% | |
| Price / MA20: | +19.29% | |
| Price / MA50: | +22.95% | |
| Price / MA100: | +8.82% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | -1.05% | |
| Price / MAexp50: | +0.06% | |
| Price / MAexp100: | +2.51% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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