MINA - MINA/USDT - 1H - Technical analysis published on 03/06/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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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:
Neutral
Underlying:
Strongly bearish
Technical indicators
50%
0%
50%
My opinion
Bearish under 0.840400 USDT
My targets
0.739722 USDT (-10.12%)
0.648200 USDT (-21.24%)
My analysis
With a strongly bearish trend, the price of MINA PROTOCOL - MINA/USDT is trying to inflate a little while more or less stagnating in the short term. Is the price preparing for a rebound or a bearish rally recovery? Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.840400 USDT remains possible. It would be possible for traders to only trade short positions (for sale) on MINA PROTOCOL - MINA/USDT as long as the price remains well below 0.840400 USDT. The next bearish objective for sellers is set at 0.739722 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.648200 USDT. In case of crossing, the next objective would be the support located at 0.572542 USDT.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.7
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Additional analysis
Quotes
MINA PROTOCOL - MINA/USDT rating 0.823000 USDT. On the day, this instrument lost -0.12% and was between 0.803900 USDT and 0.833100 USDT. This implies that the price is at +2.38% from its lowest and at -1.21% from its highest.0.803900
0.833100
0.823000
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:
Technical
Technical analysis of this 1H chart of MINA PROTOCOL - MINA/USDT indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the global trend is slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is slight given the direction of the technical indicators.
The Central Indicators scanner found no further results concerning independent technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.433767 | 0.572542 | 0.739722 | 0.823000 | 0.840400 | 0.893300 | 1.037700 |
| Change (%) | -47.29% | -30.43% | -10.12% | - | +2.11% | +8.54% | +26.09% |
| Change | -0.389233 | -0.250458 | -0.083278 | - | +0.017400 | +0.070300 | +0.214700 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | 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 | 0.770000 | 0.792000 | 0.808000 | 0.830000 | 0.846000 | 0.868000 | 0.884000 |
| Camarilla | 0.813550 | 0.817033 | 0.820517 | 0.824000 | 0.827483 | 0.830967 | 0.834450 |
| Woodie | 0.767000 | 0.790500 | 0.805000 | 0.828500 | 0.843000 | 0.866500 | 0.881000 |
| Fibonacci | 0.792000 | 0.806516 | 0.815484 | 0.830000 | 0.844516 | 0.853484 | 0.868000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.498300 | 0.648200 | 0.737200 | 0.887100 | 0.976100 | 1.126000 | 1.215000 |
| Camarilla | 0.760503 | 0.782402 | 0.804301 | 0.826200 | 0.848099 | 0.869998 | 0.891898 |
| Woodie | 0.467850 | 0.632975 | 0.706750 | 0.871875 | 0.945650 | 1.110775 | 1.184550 |
| Fibonacci | 0.648200 | 0.739460 | 0.795840 | 0.887100 | 0.978360 | 1.034740 | 1.126000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.194667 | 0.453033 | 0.712267 | 0.970633 | 1.229867 | 1.488233 | 1.747467 |
| Camarilla | 0.829160 | 0.876607 | 0.924053 | 0.971500 | 1.018947 | 1.066393 | 1.113840 |
| Woodie | 0.195100 | 0.453250 | 0.712700 | 0.970850 | 1.230300 | 1.488450 | 1.747900 |
| Fibonacci | 0.453033 | 0.650757 | 0.772910 | 0.970633 | 1.168357 | 1.290510 | 1.488233 |
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): | 49.30 | |
| MACD (12,26,9): | -0.0012 | |
| Directional Movement: | -0.057969 | |
| AROON (14): | 78.571429 | |
| DEMA (21): | 0.820541 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.813267 | |
| Elder Ray (13): | 0.001460 | |
| Super Trend (3,10): | 0.838730 | |
| Zig ZAG (10): | 0.823200 | |
| VORTEX (21): | 0.9790 | |
| Stochastique (14,3,5): | 76.48 | |
| TEMA (21): | 0.824737 | |
| Williams %R (14): | -32.38 | |
| Chande Momentum Oscillator (20): | 0.007200 | |
| Repulse (5,40,3): | 0.0002 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0501 | |
| Courbe Coppock: | 1.63 |
| MA7: | 0.898671 | |
| MA20: | 0.972455 | |
| MA50: | 0.787450 | |
| MA100: | 0.648245 | |
| MAexp7: | 0.824517 | |
| MAexp20: | 0.823486 | |
| MAexp50: | 0.833882 | |
| MAexp100: | 0.860289 | |
| Price / MA7: | -8.42% | |
| Price / MA20: | -15.37% | |
| Price / MA50: | +4.51% | |
| Price / MA100: | +26.96% | |
| Price / MAexp7: | -0.18% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -1.30% | |
| Price / MAexp100: | -4.33% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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