MINA - MINA/USD - 1H - Technical analysis published on 05/30/2023 (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:
Bearish
Underlying:
Slightly bearish
Technical indicators
44%
28%
28%
My opinion
Bearish under 0.576000 USD
My targets
0.555100 USD (-2.22%)
0.548400 USD (-3.40%)
My analysis
The bearish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade MINA PROTOCOL - MINA/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.576000 USD. The next bearish objective for sellers is set at 0.555100 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.548400 USD. In case of crossing, the next objective would be the support located at 0.533100 USD. In the event of a bullish break in the resistance located at 0.576000 USD a certain indecision would take hold.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
1.6
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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 rating is 0.567700 USD. On the day, this instrument lost -0.05% and was traded between 0.561500 USD and 0.574000 USD over the period. The price is currently at +1.10% from its lowest and -1.10% from its highest.0.561500
0.574000
0.567700
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this MINA PROTOCOL - MINA/USD chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. The overall trend remains fragile, reflecting the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 5 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.548400 | 0.555100 | 0.565285 | 0.567700 | 0.569867 | 0.576000 | 0.583469 |
| Change (%) | -3.40% | -2.22% | -0.43% | - | +0.38% | +1.46% | +2.78% |
| Change | -0.019300 | -0.012600 | -0.002415 | - | +0.002167 | +0.008300 | +0.015769 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.535533 | 0.550267 | 0.559133 | 0.573867 | 0.582733 | 0.597467 | 0.606333 |
| Camarilla | 0.561510 | 0.563673 | 0.565837 | 0.568000 | 0.570163 | 0.572327 | 0.574490 |
| Woodie | 0.532600 | 0.548800 | 0.556200 | 0.572400 | 0.579800 | 0.596000 | 0.603400 |
| Fibonacci | 0.550267 | 0.559282 | 0.564852 | 0.573867 | 0.582882 | 0.588452 | 0.597467 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.474767 | 0.503933 | 0.533667 | 0.562833 | 0.592567 | 0.621733 | 0.651467 |
| Camarilla | 0.547203 | 0.552602 | 0.558001 | 0.563400 | 0.568799 | 0.574198 | 0.579598 |
| Woodie | 0.475050 | 0.504075 | 0.533950 | 0.562975 | 0.592850 | 0.621875 | 0.651750 |
| Fibonacci | 0.503933 | 0.526433 | 0.540334 | 0.562833 | 0.585333 | 0.599234 | 0.621733 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.44 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -0.208680 | |
| AROON (14): | 71.428572 | |
| DEMA (21): | 0.567973 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.563793 | |
| Elder Ray (13): | 0.001774 | |
| Super Trend (3,10): | 0.574562 | |
| Zig ZAG (10): | 0.568300 | |
| VORTEX (21): | 0.9229 | |
| Stochastique (14,3,5): | 73.33 | |
| TEMA (21): | 0.567957 | |
| Williams %R (14): | -45.60 | |
| Chande Momentum Oscillator (20): | 0.006000 | |
| Repulse (5,40,3): | -0.7030 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0455 | |
| Courbe Coppock: | 0.56 |
| MA7: | 0.565014 | |
| MA20: | 0.567715 | |
| MA50: | 0.640278 | |
| MA100: | 0.736003 | |
| MAexp7: | 0.569386 | |
| MAexp20: | 0.569478 | |
| MAexp50: | 0.570332 | |
| MAexp100: | 0.568885 | |
| Price / MA7: | +0.48% | |
| Price / MA20: | +0.00% | |
| Price / MA50: | -11.34% | |
| Price / MA100: | -22.87% | |
| Price / MAexp7: | -0.30% | |
| Price / MAexp20: | -0.31% | |
| Price / MAexp50: | -0.46% | |
| Price / MAexp100: | -0.21% |
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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