MINA - MINA/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	MINAUSDT
ISIN:

MINA - MINA/USDT - Daily - Technical analysis published on 04/03/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

72%

22%

My opinion

Bullish above 2.37 USDT

My targets

2.78 USDT (+3.73%)

3.19 USDT (+19.03%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on MINA PROTOCOL - MINA/USDT. This is a positive signal for buyers. As long as the price remains above 2.37 USDT, a purchase could be considered. The first bullish objective is located at 2.78 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3.19 USDT as an objective. Crossing it would then enable buyers to target 3.59 USDT. In the event of a return below 2.37 USDT, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.5

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

Additional analysis

Quotes

MINA PROTOCOL - MINA/USDT rating 2.68 USDT. On the day, this instrument gained +2.68% and was between 2.58 USDT and 2.72 USDT. This implies that the price is at +3.88% from its lowest and at -1.47% from its highest.

2.58

2.72

2.68

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on MINA PROTOCOL - MINA/USDT 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 Daily chart of MINA PROTOCOL - MINA/USDT indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.63	2.08	2.26	2.68	2.78	3.19	3.59
Change (%)	-39.18%	-22.39%	-15.67%	-	+3.73%	+19.03%	+33.96%
Change	-1.05	-0.60	-0.42	-	+0.10	+0.51	+0.91
Level	Intermediate	Minor	Intermediate	-	Major	Minor	Minor

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	2.38	2.50	2.55	2.67	2.72	2.84	2.89
Camarilla	2.56	2.58	2.59	2.61	2.63	2.64	2.66
Woodie	2.36	2.48	2.53	2.65	2.70	2.82	2.87
Fibonacci	2.50	2.56	2.60	2.67	2.73	2.77	2.84

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.11	2.31	2.46	2.66	2.81	3.01	3.16
Camarilla	2.51	2.55	2.58	2.61	2.64	2.67	2.71
Woodie	2.09	2.30	2.44	2.65	2.79	3.00	3.14
Fibonacci	2.31	2.44	2.53	2.66	2.79	2.88	3.01

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.60	1.10	1.87	2.37	3.14	3.64	4.41
Camarilla	2.30	2.42	2.53	2.65	2.77	2.88	3.00
Woodie	0.75	1.17	2.02	2.44	3.29	3.71	4.56
Fibonacci	1.10	1.58	1.88	2.37	2.85	3.15	3.64

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	60.96
MACD (12,26,9):	0.1600
Directional Movement:	12.18
AROON (14):	71.43
DEMA (21):	2.64
Parabolic SAR (0,02-0,02-0,2):	2.32
Elder Ray (13):	0.10
Super Trend (3,10):	2.02
Zig ZAG (10):	2.69
VORTEX (21):	1.1900
Stochastique (14,3,5):	78.37
TEMA (21):	2.80
Williams %R (14):	-21.83
Chande Momentum Oscillator (20):	0.52
Repulse (5,40,3):	0.5700
ROCnROLL:	1
TRIX (15,9):	0.9100
Courbe Coppock:	58.17

MA7:	2.65
MA20:	2.40
MA50:	2.23
MA100:	2.66
MAexp7:	2.64
MAexp20:	2.45
MAexp50:	2.41
MAexp100:	2.68
Price / MA7:	+1.13%
Price / MA20:	+11.67%
Price / MA50:	+20.18%
Price / MA100:	+0.75%
Price / MAexp7:	+1.52%
Price / MAexp20:	+9.39%
Price / MAexp50:	+11.20%
Price / MAexp100:	-0%

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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