MINA - MINA/USD - 1H - Technical analysis published on 11/03/2023 (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
33%
28%
39%
My opinion
Bearish under 0.584650 USD
My targets
0.561215 USD (-2.55%)
0.482267 USD (-16.26%)
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 0.584650 USD. The next support located at 0.561215 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 0.482267 USD. Below this support, sellers could then target 0.434520 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.2
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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 0.575900 USD. The price registered a decrease of -0.56% on the session and was traded between 0.562136 USD and 0.587794 USD over the period. The price is currently at +2.45% from its lowest and -2.02% from its highest.0.562136
0.587794
0.575900
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of MINA PROTOCOL - MINA/USD in 1H shows a overall strongly bearish trend. 85.71% 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 market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 6 are bullish, 7 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Williams %R indicator is back over -50
Type : Bullish
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:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.434520 | 0.482267 | 0.561215 | 0.575900 | 0.584650 | 0.632910 | 0.649324 |
| Change (%) | -24.55% | -16.26% | -2.55% | - | +1.52% | +9.90% | +12.75% |
| Change | -0.141380 | -0.093633 | -0.014685 | - | +0.008750 | +0.057010 | +0.073424 |
| Level | Minor | Minor | Intermediate | - | Intermediate | 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 | 0.510067 | 0.537116 | 0.558133 | 0.585182 | 0.606199 | 0.633248 | 0.654265 |
| Camarilla | 0.565931 | 0.570337 | 0.574743 | 0.579149 | 0.583555 | 0.587961 | 0.592367 |
| Woodie | 0.507050 | 0.535608 | 0.555116 | 0.583674 | 0.603182 | 0.631740 | 0.651248 |
| Fibonacci | 0.537116 | 0.555478 | 0.566821 | 0.585182 | 0.603544 | 0.614887 | 0.633248 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.164610 | 0.113490 | 0.361747 | 0.639847 | 0.888104 | 1.166204 | 1.414461 |
| Camarilla | 0.465256 | 0.513505 | 0.561755 | 0.610004 | 0.658253 | 0.706503 | 0.754752 |
| Woodie | -0.179532 | 0.106029 | 0.346826 | 0.632386 | 0.873183 | 1.158743 | 1.399540 |
| Fibonacci | 0.113490 | 0.314558 | 0.438779 | 0.639847 | 0.840915 | 0.965136 | 1.166204 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.248329 | 0.050473 | 0.320342 | 0.619144 | 0.889013 | 1.187815 | 1.457684 |
| Camarilla | 0.433826 | 0.485954 | 0.538082 | 0.590210 | 0.642338 | 0.694466 | 0.746595 |
| Woodie | -0.262797 | 0.043240 | 0.305875 | 0.611911 | 0.874546 | 1.180582 | 1.443217 |
| Fibonacci | 0.050473 | 0.267706 | 0.401912 | 0.619144 | 0.836377 | 0.970583 | 1.187815 |
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): | 45.70 | |
| MACD (12,26,9): | -0.0022 | |
| Directional Movement: | -11.961221 | |
| AROON (14): | 50.000000 | |
| DEMA (21): | 0.576440 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.568330 | |
| Elder Ray (13): | -0.004151 | |
| Super Trend (3,10): | 0.591427 | |
| Zig ZAG (10): | 0.575038 | |
| VORTEX (21): | 0.9413 | |
| Stochastique (14,3,5): | 56.82 | |
| TEMA (21): | 0.576381 | |
| Williams %R (14): | -49.84 | |
| Chande Momentum Oscillator (20): | -0.001141 | |
| Repulse (5,40,3): | -0.5400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0642 | |
| Courbe Coppock: | 0.63 |
| MA7: | 0.599964 | |
| MA20: | 0.520323 | |
| MA50: | 0.434533 | |
| MA100: | 0.423550 | |
| MAexp7: | 0.577590 | |
| MAexp20: | 0.579773 | |
| MAexp50: | 0.584674 | |
| MAexp100: | 0.594017 | |
| Price / MA7: | -4.01% | |
| Price / MA20: | +10.68% | |
| Price / MA50: | +32.53% | |
| Price / MA100: | +35.97% | |
| Price / MAexp7: | -0.29% | |
| Price / MAexp20: | -0.67% | |
| Price / MAexp50: | -1.50% | |
| Price / MAexp100: | -3.05% |
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.
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