MINA - MINA/USD - 1H - Technical analysis published on 12/23/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 0.920405 USD
My targets
0.957642 USD (+1.87%)
1.027305 USD (+9.28%)
My analysis
The bullish trend is currently very strong on MINA PROTOCOL - MINA/USD. As long as the price remains above the support at 0.920405 USD, you could try to benefit from the boom. The first bullish objective is located at 0.957642 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.027305 USD as an objective. Crossing it would then enable buyers to target 1.193000 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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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 0.940052 USD. The price has increased by +5.62% since the last closing and was traded between 0.876238 USD and 0.944324 USD over the period. The price is currently at +7.28% from its lowest and -0.45% from its highest.0.876238
0.944324
0.940052
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on MINA PROTOCOL - MINA/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of MINA PROTOCOL - MINA/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.786801 | 0.862586 | 0.920405 | 0.940052 | 0.957642 | 1.027305 | 1.193000 |
| Change (%) | -16.30% | -8.24% | -2.09% | - | +1.87% | +9.28% | +26.91% |
| Change | -0.153251 | -0.077466 | -0.019647 | - | +0.017590 | +0.087253 | +0.252948 |
| Level | Intermediate | Major | Intermediate | - | Minor | 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 | 0.778337 | 0.813038 | 0.851551 | 0.886252 | 0.924765 | 0.959466 | 0.997979 |
| Camarilla | 0.869929 | 0.876640 | 0.883352 | 0.890063 | 0.896774 | 0.903486 | 0.910197 |
| Woodie | 0.780242 | 0.813991 | 0.853456 | 0.887205 | 0.926670 | 0.960419 | 0.999884 |
| Fibonacci | 0.813038 | 0.841006 | 0.858285 | 0.886252 | 0.914220 | 0.931499 | 0.959466 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.513272 | 0.622413 | 0.696739 | 0.805880 | 0.880206 | 0.989347 | 1.063673 |
| Camarilla | 0.720612 | 0.737429 | 0.754247 | 0.771065 | 0.787883 | 0.804701 | 0.821518 |
| Woodie | 0.495865 | 0.613709 | 0.679332 | 0.797176 | 0.862799 | 0.980643 | 1.046266 |
| Fibonacci | 0.622413 | 0.692497 | 0.735796 | 0.805880 | 0.875964 | 0.919263 | 0.989347 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.252161 | 0.408294 | 0.560646 | 0.716779 | 0.869131 | 1.025264 | 1.177616 |
| Camarilla | 0.628166 | 0.656443 | 0.684721 | 0.712999 | 0.741277 | 0.769555 | 0.797832 |
| Woodie | 0.250272 | 0.407349 | 0.558757 | 0.715834 | 0.867242 | 1.024319 | 1.175727 |
| Fibonacci | 0.408294 | 0.526135 | 0.598937 | 0.716779 | 0.834620 | 0.907422 | 1.025264 |
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): | 68.11 | |
| MACD (12,26,9): | 0.0125 | |
| Directional Movement: | 20.580340 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.915765 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.885069 | |
| Elder Ray (13): | 0.032118 | |
| Super Trend (3,10): | 0.892267 | |
| Zig ZAG (10): | 0.941250 | |
| VORTEX (21): | 1.2301 | |
| Stochastique (14,3,5): | 96.05 | |
| TEMA (21): | 0.925851 | |
| Williams %R (14): | -4.52 | |
| Chande Momentum Oscillator (20): | 0.056503 | |
| Repulse (5,40,3): | 3.3518 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0777 | |
| Courbe Coppock: | 8.56 |
| MA7: | 0.831900 | |
| MA20: | 0.796937 | |
| MA50: | 0.719191 | |
| MA100: | 0.577113 | |
| MAexp7: | 0.921877 | |
| MAexp20: | 0.898724 | |
| MAexp50: | 0.888005 | |
| MAexp100: | 0.862189 | |
| Price / MA7: | +13.00% | |
| Price / MA20: | +17.96% | |
| Price / MA50: | +30.71% | |
| Price / MA100: | +62.89% | |
| Price / MAexp7: | +1.97% | |
| Price / MAexp20: | +4.60% | |
| Price / MAexp50: | +5.86% | |
| Price / MAexp100: | +9.03% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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