MINA - MINA/USD - 1H - Technical analysis published on 06/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 0.523833 USD
My targets
0.492344 USD (-3.41%)
0.434783 USD (-14.70%)
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 0.523833 USD. The next support located at 0.492344 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 0.434783 USD. Below this support, sellers could then target 0.369928 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.
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
7.7
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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 0.509704 USD. On the day, this instrument lost -0.06% with the lowest point at 0.507024 USD and the highest point at 0.524056 USD. The deviation from the price is +0.53% for the low point and -2.74% for the high point.0.507024
0.524056
0.509704
Here is a more detailed summary of the historical variations registered by MINA PROTOCOL - MINA/USD:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
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. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
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:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.369928 | 0.492344 | 0.509704 | 0.510804 | 0.523833 | 0.544444 |
| Change (%) | -27.42% | -3.41% | - | +0.22% | +2.77% | +6.82% |
| Change | -0.139776 | -0.017360 | - | +0.001100 | +0.014129 | +0.034740 |
| Level | Intermediate | Minor | - | 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 | 0.465679 | 0.486846 | 0.498429 | 0.519596 | 0.531179 | 0.552346 | 0.563929 |
| Camarilla | 0.501005 | 0.504007 | 0.507009 | 0.510011 | 0.513013 | 0.516015 | 0.519017 |
| Woodie | 0.460886 | 0.484450 | 0.493636 | 0.517200 | 0.526386 | 0.549950 | 0.559136 |
| Fibonacci | 0.486846 | 0.499357 | 0.507086 | 0.519596 | 0.532107 | 0.539836 | 0.552346 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.347110 | 0.434783 | 0.490312 | 0.577985 | 0.633514 | 0.721187 | 0.776716 |
| Camarilla | 0.506461 | 0.519587 | 0.532714 | 0.545841 | 0.558968 | 0.572095 | 0.585222 |
| Woodie | 0.331038 | 0.426747 | 0.474240 | 0.569949 | 0.617442 | 0.713151 | 0.760644 |
| Fibonacci | 0.434783 | 0.489486 | 0.523282 | 0.577985 | 0.632688 | 0.666484 | 0.721187 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.573933 | 0.646963 | 0.750475 | 0.823505 | 0.927017 | 1.000047 | 1.103559 |
| Camarilla | 0.805437 | 0.821620 | 0.837803 | 0.853986 | 0.870169 | 0.886352 | 0.902535 |
| Woodie | 0.589173 | 0.654584 | 0.765715 | 0.831126 | 0.942257 | 1.007668 | 1.118799 |
| Fibonacci | 0.646963 | 0.714402 | 0.756066 | 0.823505 | 0.890944 | 0.932608 | 1.000047 |
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): | 37.50 | |
| MACD (12,26,9): | -0.0025 | |
| Directional Movement: | -10.580252 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.513843 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.522991 | |
| Elder Ray (13): | -0.003705 | |
| Super Trend (3,10): | 0.522468 | |
| Zig ZAG (10): | 0.511026 | |
| VORTEX (21): | 0.9068 | |
| Stochastique (14,3,5): | 16.26 | |
| TEMA (21): | 0.512909 | |
| Williams %R (14): | -91.49 | |
| Chande Momentum Oscillator (20): | -0.008822 | |
| Repulse (5,40,3): | -0.3953 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0578 | |
| Courbe Coppock: | 2.23 |
| MA7: | 0.525886 | |
| MA20: | 0.591941 | |
| MA50: | 0.727404 | |
| MA100: | 0.844798 | |
| MAexp7: | 0.513860 | |
| MAexp20: | 0.517050 | |
| MAexp50: | 0.521241 | |
| MAexp100: | 0.526685 | |
| Price / MA7: | -3.08% | |
| Price / MA20: | -13.89% | |
| Price / MA50: | -29.93% | |
| Price / MA100: | -39.67% | |
| Price / MAexp7: | -0.81% | |
| Price / MAexp20: | -1.42% | |
| Price / MAexp50: | -2.21% | |
| Price / MAexp100: | -3.22% |
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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