MINA PROTOCOL - MINA/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	MINAUSDT
ISIN:

MINA PROTOCOL - MINA/USDT - Daily - Technical analysis published on 05/07/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

50%

28%

My opinion

Bearish under 2.10 USDT

My targets

1.63 USDT (-8.94%)

My analysis

MINA PROTOCOL - MINA/USDT 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 2.10 USDT. The next support located at 1.63 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. 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 are neural in the very short term but do not change the general bearish opinion of this analysis.

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.

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

Additional analysis

Quotes

MINA PROTOCOL - MINA/USDT rating 1.79 USDT. The price registered a decrease of -2.19% on the session and was traded between 1.73 USDT and 1.85 USDT over the period. The price is currently at +3.47% from its lowest and -3.24% from its highest.

1.73

1.85

1.79

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of MINA PROTOCOL - MINA/USDT in Daily shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

On the 18 technical indicators analysed, 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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

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

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	1.63	1.79	2.27	2.78	3.47
Change (%)	-8.94%	-	+26.82%	+55.31%	+93.85%
Change	-0.16	-	+0.48	+0.99	+1.68
Level	Major	-	Minor	Minor	Major

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	1.55	1.64	1.73	1.82	1.91	2.00	2.09
Camarilla	1.78	1.80	1.81	1.83	1.85	1.86	1.88
Woodie	1.56	1.64	1.74	1.82	1.92	2.00	2.10
Fibonacci	1.64	1.71	1.75	1.82	1.89	1.93	2.00

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.86	1.27	1.48	1.89	2.10	2.51	2.72
Camarilla	1.53	1.59	1.64	1.70	1.76	1.81	1.87
Woodie	0.77	1.22	1.39	1.84	2.01	2.46	2.63
Fibonacci	1.27	1.50	1.65	1.89	2.12	2.27	2.51

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.79	0.44	1.07	2.30	2.93	4.16	4.79
Camarilla	1.19	1.36	1.53	1.70	1.87	2.04	2.21
Woodie	-1.09	0.29	0.77	2.15	2.63	4.01	4.49
Fibonacci	0.44	1.15	1.59	2.30	3.01	3.45	4.16

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):	39.42
MACD (12,26,9):	-0.1800
Directional Movement:	-3.60
AROON (14):	-57.14
DEMA (21):	1.79
Parabolic SAR (0,02-0,02-0,2):	1.72
Elder Ray (13):	-0.14
Super Trend (3,10):	2.38
Zig ZAG (10):	1.80
VORTEX (21):	0.8600
Stochastique (14,3,5):	21.60
TEMA (21):	1.69
Williams %R (14):	-78.41
Chande Momentum Oscillator (20):	-0.44
Repulse (5,40,3):	-4.1400
ROCnROLL:	2
TRIX (15,9):	-1.1200
Courbe Coppock:	39.31

MA7:	1.83
MA20:	2.05
MA50:	2.41
MA100:	2.34
MAexp7:	1.85
MAexp20:	2.03
MAexp50:	2.25
MAexp100:	2.48
Price / MA7:	-2.19%
Price / MA20:	-12.68%
Price / MA50:	-25.73%
Price / MA100:	-23.50%
Price / MAexp7:	-3.24%
Price / MAexp20:	-11.82%
Price / MAexp50:	-20.44%
Price / MAexp100:	-27.82%

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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