MINA PROTOCOL - MINA/USDT - Daily - Technical analysis published on 04/18/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 2.26 USDT
My targets
1.95 USDT (-11.36%)
1.63 USDT (-25.91%)
My analysis
MINA PROTOCOL - MINA/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2.26 USDT. The next support located at 1.95 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.63 USDT.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.1
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Additional analysis
Quotes
The MINA PROTOCOL - MINA/USDT rating is 2.20 USDT. The price registered a decrease of -3.51% on the session with the lowest point at 2.17 USDT and the highest point at 2.36 USDT. The deviation from the price is +1.38% for the low point and -6.78% for the high point.2.17
2.36
2.20
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
Here is a more detailed summary of the historical variations registered by MINA PROTOCOL - MINA/USDT:
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 bearish. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
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
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.63 | 1.95 | 2.20 | 2.26 | 2.61 | 3.19 |
| Change (%) | -25.91% | -11.36% | - | +2.73% | +18.64% | +45.00% |
| Change | -0.57 | -0.25 | - | +0.06 | +0.41 | +0.99 |
| Level | Intermediate | Minor | - | Major | 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 | 2.06 | 2.17 | 2.22 | 2.33 | 2.38 | 2.49 | 2.54 |
| Camarilla | 2.24 | 2.25 | 2.27 | 2.28 | 2.30 | 2.31 | 2.32 |
| Woodie | 2.04 | 2.16 | 2.20 | 2.32 | 2.36 | 2.48 | 2.52 |
| Fibonacci | 2.17 | 2.23 | 2.27 | 2.33 | 2.39 | 2.43 | 2.49 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.06 | 1.67 | 2.04 | 2.65 | 3.02 | 3.63 | 4.00 |
| Camarilla | 2.15 | 2.24 | 2.33 | 2.42 | 2.51 | 2.60 | 2.69 |
| Woodie | 0.95 | 1.61 | 1.93 | 2.59 | 2.91 | 3.57 | 3.89 |
| Fibonacci | 1.67 | 2.04 | 2.27 | 2.65 | 3.02 | 3.25 | 3.63 |
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 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): | 40.94 | |
| MACD (12,26,9): | -0.0500 | |
| Directional Movement: | -2.42 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 2.57 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.96 | |
| Elder Ray (13): | -0.27 | |
| Super Trend (3,10): | 3.06 | |
| Zig ZAG (10): | 2.21 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 5.24 | |
| TEMA (21): | 2.42 | |
| Williams %R (14): | -96.99 | |
| Chande Momentum Oscillator (20): | -0.83 | |
| Repulse (5,40,3): | -13.0800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.4700 | |
| Courbe Coppock: | 33.49 |
| MA7: | 2.35 | |
| MA20: | 2.74 | |
| MA50: | 2.36 | |
| MA100: | 2.53 | |
| MAexp7: | 2.40 | |
| MAexp20: | 2.57 | |
| MAexp50: | 2.54 | |
| MAexp100: | 2.70 | |
| Price / MA7: | -6.38% | |
| Price / MA20: | -19.71% | |
| Price / MA50: | -6.78% | |
| Price / MA100: | -13.04% | |
| Price / MAexp7: | -8.33% | |
| Price / MAexp20: | -14.40% | |
| Price / MAexp50: | -13.39% | |
| Price / MAexp100: | -18.52% |
Quotes :
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Real time data
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Cryptocompare
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