MINA - MINA/USD - Daily - Technical analysis published on 08/21/2023 (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
17%
56%
28%
My opinion
Bearish under 0.433686 USD
My targets
0.366833 USD (-10.92%)
0.306967 USD (-25.46%)
My analysis
The bearish trend is currently very strong for MINA PROTOCOL - MINA/USD. As long as the price remains below the resistance at 0.433686 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.366833 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.306967 USD as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MINA PROTOCOL - MINA/USD rating 0.411800 USD. On the day, this instrument lost -0.05% and was between 0.410000 USD and 0.414000 USD. This implies that the price is at +0.44% from its lowest and at -0.53% from its highest.0.410000
0.414000
0.411800
Here is a more detailed summary of the historical variations registered by MINA PROTOCOL - MINA/USD:
Technical
Technical analysis of this Daily chart of MINA PROTOCOL - MINA/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 10 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 0.411800 | 0.433686 | 0.736889 | 0.889450 |
| Change (%) | - | +5.31% | +78.94% | +115.99% |
| Change | - | +0.021886 | +0.325089 | +0.477650 |
| Level | - | Intermediate | Intermediate | Intermediate |
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 | 0.399867 | 0.404933 | 0.408467 | 0.413533 | 0.417067 | 0.422133 | 0.425667 |
| Camarilla | 0.409635 | 0.410423 | 0.411212 | 0.412000 | 0.412788 | 0.413577 | 0.414365 |
| Woodie | 0.399100 | 0.404550 | 0.407700 | 0.413150 | 0.416300 | 0.421750 | 0.424900 |
| Fibonacci | 0.404933 | 0.408219 | 0.410248 | 0.413533 | 0.416819 | 0.418848 | 0.422133 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.230900 | 0.298800 | 0.357900 | 0.425800 | 0.484900 | 0.552800 | 0.611900 |
| Camarilla | 0.382075 | 0.393717 | 0.405358 | 0.417000 | 0.428642 | 0.440283 | 0.451925 |
| Woodie | 0.226500 | 0.296600 | 0.353500 | 0.423600 | 0.480500 | 0.550600 | 0.607500 |
| Fibonacci | 0.298800 | 0.347314 | 0.377286 | 0.425800 | 0.474314 | 0.504286 | 0.552800 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.306967 | 0.366833 | 0.404467 | 0.464333 | 0.501967 | 0.561833 | 0.599467 |
| Camarilla | 0.415288 | 0.424225 | 0.433163 | 0.442100 | 0.451038 | 0.459975 | 0.468913 |
| Woodie | 0.295850 | 0.361275 | 0.393350 | 0.458775 | 0.490850 | 0.556275 | 0.588350 |
| Fibonacci | 0.366833 | 0.404078 | 0.427088 | 0.464333 | 0.501578 | 0.524588 | 0.561833 |
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): | 39.19 | |
| MACD (12,26,9): | -0.0102 | |
| Directional Movement: | -15.413807 | |
| AROON (14): | -14.285714 | |
| DEMA (21): | 0.424626 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.465855 | |
| Elder Ray (13): | -0.018632 | |
| Super Trend (3,10): | 0.475092 | |
| Zig ZAG (10): | 0.412600 | |
| VORTEX (21): | 0.9363 | |
| Stochastique (14,3,5): | 37.14 | |
| TEMA (21): | 0.419731 | |
| Williams %R (14): | -63.86 | |
| Chande Momentum Oscillator (20): | -0.039500 | |
| Repulse (5,40,3): | -1.5555 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1661 | |
| Courbe Coppock: | 8.30 |
| MA7: | 0.419729 | |
| MA20: | 0.439580 | |
| MA50: | 0.452140 | |
| MA100: | 0.478966 | |
| MAexp7: | 0.421704 | |
| MAexp20: | 0.436344 | |
| MAexp50: | 0.453665 | |
| MAexp100: | 0.491091 | |
| Price / MA7: | -1.89% | |
| Price / MA20: | -6.32% | |
| Price / MA50: | -8.92% | |
| Price / MA100: | -14.02% | |
| Price / MAexp7: | -2.35% | |
| Price / MAexp20: | -5.62% | |
| Price / MAexp50: | -9.23% | |
| Price / MAexp100: | -16.15% |
Quotes :
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Real time data
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