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 04/05/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

94%

My opinion

Bullish above 2.78 USDT

My targets

3.59 USDT (+12.19%)

3.89 USDT (+21.56%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on MINA PROTOCOL - MINA/USDT. This is a positive signal for buyers. As long as the price remains above 2.78 USDT, a purchase could be considered. The first bullish objective is located at 3.59 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3.89 USDT as an objective. In the event of a return below 2.78 USDT, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.6

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.

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Additional analysis

Quotes

The MINA PROTOCOL - MINA/USDT rating is 3.20 USDT. The price registered an increase of +1.59% on the session and was between 3.12 USDT and 3.32 USDT. This implies that the price is at +2.56% from its lowest and at -3.61% from its highest.

3.12

3.32

3.20

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

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:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on MINA PROTOCOL - MINA/USDT were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of MINA PROTOCOL - MINA/USDT in Daily shows an overall 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.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	2.26	2.78	3.19	3.20	3.59	3.89
Change (%)	-29.38%	-13.13%	-0.31%	-	+12.19%	+21.56%
Change	-0.94	-0.42	-0.01	-	+0.39	+0.69
Level	Minor	Major	Major	-	Minor	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.34	2.52	2.84	3.02	3.34	3.52	3.84
Camarilla	3.01	3.06	3.10	3.15	3.20	3.24	3.29
Woodie	2.40	2.56	2.90	3.06	3.40	3.56	3.90
Fibonacci	2.52	2.71	2.83	3.02	3.21	3.33	3.52

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.11	2.31	2.46	2.66	2.81	3.01	3.16
Camarilla	2.51	2.55	2.58	2.61	2.64	2.67	2.71
Woodie	2.09	2.30	2.44	2.65	2.79	3.00	3.14
Fibonacci	2.31	2.44	2.53	2.66	2.79	2.88	3.01

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):	71.35
MACD (12,26,9):	0.2300
Directional Movement:	24.32
AROON (14):	100.00
DEMA (21):	2.85
Parabolic SAR (0,02-0,02-0,2):	2.45
Elder Ray (13):	0.50
Super Trend (3,10):	2.47
Zig ZAG (10):	3.18
VORTEX (21):	1.2700
Stochastique (14,3,5):	91.22
TEMA (21):	3.06
Williams %R (14):	-12.24
Chande Momentum Oscillator (20):	0.60
Repulse (5,40,3):	12.0100
ROCnROLL:	1
TRIX (15,9):	1.1100
Courbe Coppock:	60.89

MA7:	2.82
MA20:	2.54
MA50:	2.26
MA100:	2.65
MAexp7:	2.88
MAexp20:	2.59
MAexp50:	2.47
MAexp100:	2.70
Price / MA7:	+13.48%
Price / MA20:	+25.98%
Price / MA50:	+41.59%
Price / MA100:	+20.75%
Price / MAexp7:	+11.11%
Price / MAexp20:	+23.55%
Price / MAexp50:	+29.55%
Price / MAexp100:	+18.52%

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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