MINA
MINA NEXT MOVE IDEAMINA IS MOVING TOWARDS ITS PREVIOUS ALL TIME HIGH. AFTER REACHING THERE IT 'LL EXPECTED TO MOVE FURTHER TO MAKE NEW ATH.
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Mina ProtocolMina Protocol is a minimal “succinct blockchain” built to curtail computational requirements in order to run DApps more efficiently. Mina has been described as the world’s lightest blockchain since its size is designed to remain constant despite growth in usage. Furthermore, it remains balanced in terms of security and decentralization. The project was rebranded from Coda Protocol to Mina in October 2020.
(MINA) GOOD TIME TO BUYHello everyone !
Today the Black Cat Trader is analyzing MINA based on a Daily chart.
What we can see :
- MINA is still trading under the downtrend line (yellow) and prices are stuck into a compression triangle.
- Note that prices are stuck under the EMA21.
- The Bollinger bands are tightened and horizontally frame the price for 1 month now.
- MACD is totally neutral
We are clearly in an accumulation mode right now.
What we can expect :
If prices manage to break the downtrend line, wait a pullback on the new support to take position. Note that, according to the Fib circles, we can expect an event by the end of November.
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Resistance 1 : Downtrend line / Top of triangle
Resistance 2 : Upper band of the BB
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Support 1 : Bottom of triangle
Support 2 : Lower band of the BB
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TP1 : 12,73 $ (1.618)
TP2 : 18,28 $ (2.618)
TP3 : 23,84 $ (3.618)
TP4 : 29,39 $ (4.618)
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UPDATE: Mina breakout resistance lineMina has breakout the resistance level and close 4H candle above it, we can see a bullish trend to $8.
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DYDXUSDT
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▶️ Buy: 4.7
⭐ Target 1: $5.5
⭐ Target 2: $6.3
⭐ Target 3: $8
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Good luck 💗
MINA for an impulsive move ? MINA is in a nice configuration for entering into a new higher move.
Prices raised since mid July and are consolidating since mid September. MACD Daily cooled off and has now turned bullish.
Price are under resistance and under Daily upper BB, rejection could happen so i will be watching for a break of 4.95$ in daily closure. Or a pullback into 4.4$ where a bullish cross in MACD H4 would give a signal.
Let's see how today's closure will be and we could advise of further plans.
Mina analysis MINA Analysis
MINA is the world's lightest blockchai n.Mina blockchain size is fixed that is 22kb but when you look at the other blockchain they are 300gb also increasing day by day.
Currently it is in descending triangle and trying to breaking it out .We can accumulate some at the current pric e (low quantity) .Try to buy at support zone and always do DCA .
Short term targets are given on the basis of fib extension.
Mid term targets - : 5.874$ ,6.5$
MINAUSDT Technical Analysis
⏳ Spot
💎 MINAUSDT has formed a symmetrical triangle. The price is still below the major resistance but we have a strong Support zone below the price. After the breakout it will continue the Bullish move
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🏁 Short & Medium Term
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🎳 Entry at Market or at
☕️ TP1 4.950
🍺 TP2 5.400
🍻 TP3 6.290
🍾 TP4 _____
🍷 TP5 _____
🍸 TP6 _____
🍹 TP7 _____
🎁 TP8 _____
🚫 SL 3.950
Good Luck 🎲
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