Minaprotocol
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)
IF YOU LIKE THIS POST, FEEL FREE TO LEAVE A LIKE AND FOLLOW THE BLACK CAT TRADER
MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
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 MID/LONGTERM IDEAOne of the other stronger L1 projects out there. We saw some serious price surge by other L1 competitors like $FTM and $SOL .
MINA will do a similar surge within this run. Targets are given, even 30USD is doable depending on Bitcoin ofcourse, marketcap of MINA is not that high (yet) . Always DYOR and happy trading!
MINAUSD might heading for a moon ride.This is my thought for MINA. It looks like following a perfect parallel channel . It's very likely we will see $19 by first week of Nov. If it breaks the Kings resistance we will get a chance of Moon ride.
This is completely my thought. Please take it as a study purpose.
Mina hit the 4.358 resistance 07/09 :) LOL who dropped it
Mina hit the resistance at 4.358 :)) LOL who dropped it
I see this is a holding coin and it was pumped soon, lucky to have bought it and maximized profits for a few rounds. hope to soon 5 u . I closed the principal and part of the profit, maintaining a part of the profit to keep the position