MINA - MINA/USD

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Type:	Cryptocurrencies
Ticker:	MINAUSD
ISIN:

MINA - MINA/USD - Daily - Technical analysis published on 06/22/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

72%

28%

My opinion

Bearish under 0.574733 USD

My targets

0.432300 USD (-10.99%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.574733 USD remains possible. It is advisable to trade MINA PROTOCOL - MINA/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.574733 USD. The next bearish objective for sellers is set at 0.432300 USD. A bearish break of this support would revive the bearish momentum. PS: if there is a bullish break in the resistance located at 0.574733 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

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

0.9

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

Additional analysis

Quotes

The MINA PROTOCOL - MINA/USD price is 0.485700 USD. The price is lower by -0.06% since the last closing with the lowest point at 0.479600 USD and the highest point at 0.513300 USD. The deviation from the price is +1.27% for the low point and -5.38% for the high point.

0.479600

0.513300

0.485700

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

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of MINA PROTOCOL - MINA/USD in Daily shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of triangle

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Three white soldiers

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.432300	0.485700	0.583779	0.736889	0.889450
Change (%)	-10.99%	-	+20.19%	+51.72%	+83.13%
Change	-0.053400	-	+0.098079	+0.251189	+0.403750
Level	Major	-	Intermediate	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	0.393533	0.415267	0.450633	0.472367	0.507733	0.529467	0.564833
Camarilla	0.470298	0.475532	0.480766	0.486000	0.491234	0.496468	0.501703
Woodie	0.400350	0.418675	0.457450	0.475775	0.514550	0.532875	0.571650
Fibonacci	0.415267	0.437079	0.450555	0.472367	0.494179	0.507655	0.529467

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.348533	0.366567	0.396933	0.414967	0.445333	0.463367	0.493733
Camarilla	0.413990	0.418427	0.422863	0.427300	0.431737	0.436173	0.440610
Woodie	0.354700	0.369650	0.403100	0.418050	0.451500	0.466450	0.499900
Fibonacci	0.366567	0.385056	0.396478	0.414967	0.433456	0.444878	0.463367

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.347667	0.434933	0.487467	0.574733	0.627267	0.714533	0.767067
Camarilla	0.501555	0.514370	0.527185	0.540000	0.552815	0.565630	0.578445
Woodie	0.330300	0.426250	0.470100	0.566050	0.609900	0.705850	0.749700
Fibonacci	0.434933	0.488337	0.521330	0.574733	0.628137	0.661130	0.714533

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):	52.08
MACD (12,26,9):	-0.0244
Directional Movement:	3.080038
AROON (14):	85.714286
DEMA (21):	0.427044
Parabolic SAR (0,02-0,02-0,2):	0.387899
Elder Ray (13):	0.042849
Super Trend (3,10):	0.493626
Zig ZAG (10):	0.487200
VORTEX (21):	0.9332
Stochastique (14,3,5):	70.30
TEMA (21):	0.435191
Williams %R (14):	-19.81
Chande Momentum Oscillator (20):	0.070200
Repulse (5,40,3):	8.9917
ROCnROLL:	-1
TRIX (15,9):	-1.0056
Courbe Coppock:	17.48

MA7:	0.444786
MA20:	0.458220
MA50:	0.525004
MA100:	0.639750
MAexp7:	0.454713
MAexp20:	0.465120
MAexp50:	0.526590
MAexp100:	0.592154
Price / MA7:	+9.20%
Price / MA20:	+6.00%
Price / MA50:	-7.49%
Price / MA100:	-24.08%
Price / MAexp7:	+6.81%
Price / MAexp20:	+4.42%
Price / MAexp50:	-7.77%
Price / MAexp100:	-17.98%

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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