MINA - MINA/USD

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Type:	Cryptocurrencies
Ticker:	MINAUSD
ISIN:

MINA - MINA/USD - Daily - Technical analysis published on 07/16/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bearish

Technical indicators

39%

17%

44%

My opinion

Bearish under 0.572867 USD

My targets

0.434300 USD (-9.33%)

My analysis

In a bearish trend, the price of MINA PROTOCOL - MINA/USD tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 0.572867 USD. A bearish break in the support located at 0.434300 USD would revive the bearish momentum and fuel the basic trend. PS: if there is a bullish break in the resistance located at 0.572867 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

1.4

Comment on the analysis

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 0.479000 USD. The price registered a decrease of -0.08% on the session and was between 0.466100 USD and 0.481000 USD. This implies that the price is at +2.77% from its lowest and at -0.42% from its highest.

0.466100

0.481000

0.479000

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of MINA PROTOCOL - MINA/USD indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. 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 : Daily

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

In fact, only 7 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish harami

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.434300	0.479000	0.619400	0.736889	0.889450
Change (%)	-9.33%	-	+29.31%	+53.84%	+85.69%
Change	-0.044700	-	+0.140400	+0.257889	+0.410450
Level	Major	-	Minor	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.455333	0.465667	0.472533	0.482867	0.489733	0.500067	0.506933
Camarilla	0.474670	0.476247	0.477823	0.479400	0.480977	0.482553	0.484130
Woodie	0.453600	0.464800	0.470800	0.482000	0.488000	0.499200	0.505200
Fibonacci	0.465667	0.472237	0.476296	0.482867	0.489437	0.493496	0.500067

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.347200	0.387600	0.433500	0.473900	0.519800	0.560200	0.606100
Camarilla	0.455668	0.463578	0.471489	0.479400	0.487311	0.495222	0.503133
Woodie	0.349950	0.388975	0.436250	0.475275	0.522550	0.561575	0.608850
Fibonacci	0.387600	0.420567	0.440933	0.473900	0.506867	0.527233	0.560200

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.205267	0.291133	0.389067	0.474933	0.572867	0.658733	0.756667
Camarilla	0.436455	0.453303	0.470152	0.487000	0.503848	0.520697	0.537545
Woodie	0.211300	0.294150	0.395100	0.477950	0.578900	0.661750	0.762700
Fibonacci	0.291133	0.361345	0.404722	0.474933	0.545145	0.588522	0.658733

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):	49.94
MACD (12,26,9):	-0.0022
Directional Movement:	11.523729
AROON (14):	-50.000000
DEMA (21):	0.468239
Parabolic SAR (0,02-0,02-0,2):	0.434700
Elder Ray (13):	0.001473
Super Trend (3,10):	0.421896
Zig ZAG (10):	0.475000
VORTEX (21):	0.9796
Stochastique (14,3,5):	53.98
TEMA (21):	0.476662
Williams %R (14):	-51.14
Chande Momentum Oscillator (20):	-0.034100
Repulse (5,40,3):	-1.2225
ROCnROLL:	-1
TRIX (15,9):	-0.0888
Courbe Coppock:	7.77

MA7:	0.471029
MA20:	0.475220
MA50:	0.478664
MA100:	0.564331
MAexp7:	0.473457
MAexp20:	0.472421
MAexp50:	0.494698
MAexp100:	0.546742
Price / MA7:	+1.69%
Price / MA20:	+0.80%
Price / MA50:	+0.07%
Price / MA100:	-15.12%
Price / MAexp7:	+1.17%
Price / MAexp20:	+1.39%
Price / MAexp50:	-3.17%
Price / MAexp100:	-12.39%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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