MINA - MINA/USD - 1H - Technical analysis published on 05/05/2023 (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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 0.637300 USD
My targets
0.619400 USD (-0.98%)
0.557333 USD (-10.90%)
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 0.637300 USD. The sellers' bearish objective is set at 0.619400 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.557333 USD. In case of crossing, the next objective would be the support located at 0.518600 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.5
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
The MINA PROTOCOL - MINA/USD price is 0.625500 USD. The price registered a decrease of -0.02% on the session with the lowest point at 0.622500 USD and the highest point at 0.626400 USD. The deviation from the price is +0.48% for the low point and -0.14% for the high point.0.622500
0.626400
0.625500
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
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. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.433600 | 0.518600 | 0.619400 | 0.625500 | 0.637300 | 0.649050 | 0.665758 |
| Change (%) | -30.68% | -17.09% | -0.98% | - | +1.89% | +3.76% | +6.44% |
| Change | -0.191900 | -0.106900 | -0.006100 | - | +0.011800 | +0.023550 | +0.040258 |
| Level | Minor | Intermediate | Major | - | Minor | Minor | 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 | 0.576067 | 0.600533 | 0.613067 | 0.637533 | 0.650067 | 0.674533 | 0.687067 |
| Camarilla | 0.615425 | 0.618817 | 0.622208 | 0.625600 | 0.628992 | 0.632383 | 0.635775 |
| Woodie | 0.570100 | 0.597550 | 0.607100 | 0.634550 | 0.644100 | 0.671550 | 0.681100 |
| Fibonacci | 0.600533 | 0.614667 | 0.623399 | 0.637533 | 0.651667 | 0.660399 | 0.674533 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.557333 | 0.594467 | 0.636833 | 0.673967 | 0.716333 | 0.753467 | 0.795833 |
| Camarilla | 0.657338 | 0.664625 | 0.671913 | 0.679200 | 0.686488 | 0.693775 | 0.701063 |
| Woodie | 0.559950 | 0.595775 | 0.639450 | 0.675275 | 0.718950 | 0.754775 | 0.798450 |
| Fibonacci | 0.594467 | 0.624836 | 0.643598 | 0.673967 | 0.704336 | 0.723098 | 0.753467 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.337733 | 0.484667 | 0.573133 | 0.720067 | 0.808533 | 0.955467 | 1.043933 |
| Camarilla | 0.596865 | 0.618443 | 0.640022 | 0.661600 | 0.683178 | 0.704757 | 0.726335 |
| Woodie | 0.308500 | 0.470050 | 0.543900 | 0.705450 | 0.779300 | 0.940850 | 1.014700 |
| Fibonacci | 0.484667 | 0.574590 | 0.630144 | 0.720067 | 0.809990 | 0.865544 | 0.955467 |
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): | 26.34 | |
| MACD (12,26,9): | -0.0052 | |
| Directional Movement: | -24.553531 | |
| AROON (14): | -100.000000 | |
| DEMA (21): | 0.628066 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.631783 | |
| Elder Ray (13): | -0.006970 | |
| Super Trend (3,10): | 0.635215 | |
| Zig ZAG (10): | 0.624000 | |
| VORTEX (21): | 0.6520 | |
| Stochastique (14,3,5): | 4.91 | |
| TEMA (21): | 0.623676 | |
| Williams %R (14): | -92.02 | |
| Chande Momentum Oscillator (20): | -0.011700 | |
| Repulse (5,40,3): | 0.0777 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0820 | |
| Courbe Coppock: | 5.26 |
| MA7: | 0.648529 | |
| MA20: | 0.694425 | |
| MA50: | 0.747960 | |
| MA100: | 0.786631 | |
| MAexp7: | 0.627906 | |
| MAexp20: | 0.633773 | |
| MAexp50: | 0.638754 | |
| MAexp100: | 0.643977 | |
| Price / MA7: | -3.55% | |
| Price / MA20: | -9.93% | |
| Price / MA50: | -16.37% | |
| Price / MA100: | -20.48% | |
| Price / MAexp7: | -0.38% | |
| Price / MAexp20: | -1.31% | |
| Price / MAexp50: | -2.07% | |
| Price / MAexp100: | -2.87% |
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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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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