MINA - MINA/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	MINAUSDT
ISIN:

MINA - MINA/USDT - Daily - Technical analysis published on 04/02/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

83%

17%

My opinion

Bullish above 2.37 USDT

My targets

2.78 USDT (+2.21%)

3.19 USDT (+17.28%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MINA PROTOCOL - MINA/USDT as long as the price remains well above 2.37 USDT. The buyers' bullish objective is set at 2.78 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.19 USDT. If there is any crossing, the next objective would be the resistance located at 3.59 USDT.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.3

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 finacian. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The MINA PROTOCOL - MINA/USDT price is 2.72 USDT. The price is lower by -1.45% since the last closing and was between 2.67 USDT and 2.78 USDT. This implies that the price is at +1.87% from its lowest and at -2.16% from its highest.

2.67

2.78

2.72

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

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by MINA PROTOCOL - MINA/USDT:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in Daily of this MINA PROTOCOL - MINA/USDT chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

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

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish harami

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.63	2.08	2.26	2.72	2.78	3.19	3.59
Change (%)	-40.07%	-23.53%	-16.91%	-	+2.21%	+17.28%	+31.99%
Change	-1.09	-0.64	-0.46	-	+0.06	+0.47	+0.87
Level	Intermediate	Minor	Intermediate	-	Major	Minor	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.28	2.39	2.58	2.69	2.88	2.99	3.18
Camarilla	2.68	2.71	2.73	2.76	2.79	2.82	2.84
Woodie	2.31	2.41	2.61	2.71	2.91	3.01	3.21
Fibonacci	2.39	2.51	2.58	2.69	2.81	2.88	2.99

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.35	1.69	2.13	2.47	2.91	3.25	3.69
Camarilla	2.35	2.42	2.49	2.56	2.63	2.70	2.78
Woodie	1.39	1.72	2.17	2.50	2.95	3.28	3.73
Fibonacci	1.69	1.99	2.18	2.47	2.77	2.96	3.25

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.60	1.10	1.87	2.37	3.14	3.64	4.41
Camarilla	2.30	2.42	2.53	2.65	2.77	2.88	3.00
Woodie	0.75	1.17	2.02	2.44	3.29	3.71	4.56
Fibonacci	1.10	1.58	1.88	2.37	2.85	3.15	3.64

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):	64.00
MACD (12,26,9):	0.1700
Directional Movement:	14.22
AROON (14):	71.42
DEMA (21):	2.63
Parabolic SAR (0,02-0,02-0,2):	2.27
Elder Ray (13):	0.19
Super Trend (3,10):	2.04
Zig ZAG (10):	2.73
VORTEX (21):	1.2000
Stochastique (14,3,5):	82.11
TEMA (21):	2.82
Williams %R (14):	-16.75
Chande Momentum Oscillator (20):	0.63
Repulse (5,40,3):	2.8800
ROCnROLL:	1
TRIX (15,9):	0.8700
Courbe Coppock:	68.13

MA7:	2.68
MA20:	2.35
MA50:	2.23
MA100:	2.67
MAexp7:	2.65
MAexp20:	2.44
MAexp50:	2.40
MAexp100:	2.69
Price / MA7:	+1.49%
Price / MA20:	+15.74%
Price / MA50:	+21.97%
Price / MA100:	+1.87%
Price / MAexp7:	+2.64%
Price / MAexp20:	+11.48%
Price / MAexp50:	+13.33%
Price / MAexp100:	+1.12%

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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