MINA - MINA/USDT - 1H - Technical analysis published on 03/11/2023 (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:
Bearish
Underlying:
Strongly bearish
Technical indicators
39%
33%
28%
My opinion
Bearish under 0.644850 USDT
My targets
0.572542 USDT (-5.79%)
0.498300 USDT (-18.00%)
My analysis
The bearish basic trend is very strong on MINA PROTOCOL - MINA/USDT but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.644850 USDT. Crossing the first support at 0.572542 USDT would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.498300 USDT as an objective. Crossing it would then enable sellers to target 0.433767 USDT. Caution, a return to above the resistance located at 0.644850 USDT would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.8
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Additional analysis
Quotes
The MINA PROTOCOL - MINA/USDT price is 0.607700 USDT. On the day, this instrument lost -4.62% with the lowest point at 0.575000 USDT and the highest point at 0.658100 USDT. The deviation from the price is +5.69% for the low point and -7.66% for the high point.0.575000
0.658100
0.607700
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this MINA PROTOCOL - MINA/USDT chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 5 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.433767 | 0.572542 | 0.607700 | 0.644850 | 0.739722 | 0.833633 |
| Change (%) | -28.62% | -5.79% | - | +6.11% | +21.72% | +37.18% |
| Change | -0.173933 | -0.035158 | - | +0.037150 | +0.132022 | +0.225933 |
| Level | Minor | Major | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.529833 | 0.563967 | 0.600533 | 0.634667 | 0.671233 | 0.705367 | 0.741933 |
| Camarilla | 0.617658 | 0.624138 | 0.630619 | 0.637100 | 0.643581 | 0.650062 | 0.656543 |
| Woodie | 0.531050 | 0.564575 | 0.601750 | 0.635275 | 0.672450 | 0.705975 | 0.743150 |
| Fibonacci | 0.563967 | 0.590974 | 0.607659 | 0.634667 | 0.661674 | 0.678359 | 0.705367 |
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): | 42.88 | |
| MACD (12,26,9): | -0.0120 | |
| Directional Movement: | -13.728887 | |
| AROON (14): | -71.428571 | |
| DEMA (21): | 0.586475 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.617246 | |
| Elder Ray (13): | 0.000141 | |
| Super Trend (3,10): | 0.623867 | |
| Zig ZAG (10): | 0.597700 | |
| VORTEX (21): | 0.8643 | |
| Stochastique (14,3,5): | 29.22 | |
| TEMA (21): | 0.587192 | |
| Williams %R (14): | -64.71 | |
| Chande Momentum Oscillator (20): | 0.000300 | |
| Repulse (5,40,3): | 0.6300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.3005 | |
| Courbe Coppock: | 11.71 |
| MA7: | 0.718571 | |
| MA20: | 0.906885 | |
| MA50: | 0.803014 | |
| MA100: | 0.655135 | |
| MAexp7: | 0.593842 | |
| MAexp20: | 0.603319 | |
| MAexp50: | 0.630832 | |
| MAexp100: | 0.675915 | |
| Price / MA7: | -15.43% | |
| Price / MA20: | -32.99% | |
| Price / MA50: | -24.32% | |
| Price / MA100: | -7.24% | |
| Price / MAexp7: | +2.33% | |
| Price / MAexp20: | +0.73% | |
| Price / MAexp50: | -3.67% | |
| Price / MAexp100: | -10.09% |
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.
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