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MINAUSD

MINAUSD: Two targets after the LH breakout.MINAUSD crossed over the LH trendline that was keeping it inside the Bear Cycle and broke yesterday through the 1D MA50 aggressively. The 1D MA100 (which rejected the price on August 15th) is the next target (TP1 = 0.41500). After that we will wait for the first 4H MA50 pullback to buy and target the R1 level and 1D MA200 in extension (TP2 = 0.49350). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:MINAUSDLong
by InvestingScope
3
MINAUSD: Staging a strong rebound but buy after the HL break.MINAUSD crossed over the 1D MA50 and is having a strong short term rise, however due to the long term decline all year, the 1D technicals remain neutral (RSI = 52.377, MACD = -0.007, ADX = 27.403). According to the RSI, the current Bull Flag is the same as January 15th-25th and as such it is best for you to buy after the price crosses above the HL trendline. We will follow that signal and buy the breakout targeting the 0.786 Fibonacci level (TP = 0.94000). It is obvious that the Fibonacci levels align well with Resistances of the downtrend. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:MINAUSDLong
by InvestingScope
Bearish Trend and Potential Support LevelsMINA has exhibited a bearish medium-term trend after repeatedly encountering resistance between the price range of $0.87 and $0.93. Over the course of nearly a month, it has maintained a price range of $0.55. However, in recent times, the downward trajectory has persisted, leading to a return to the support range of $0.50. Selling pressure remains substantial, heightening the possibility of reaching an all-time low (ATL) support level within the range of $0.44 to $0.40. When examining the currency's daily timeframe, the trend is downward, having recently broken out of a range channel. Consequently, the lower limit of the broken channel, situated at $0.53, serves as a significant resistance level in the daily timeframe. Simultaneously, considering the prevailing selling pressure in the medium term, a positive response to the established support may increase the likelihood of establishing a wide-ranging trend based on the ATL support. Given favorable market conditions, these levels can be deemed areas of strong demand in the medium term, with the price targets falling within the range of $1.
by MonoCoinSignal
6
MINA hit an important level: Momentum and liquidity analysisBefore we analyse the chart, lets understand what MINA actually is: Utilizes Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge (zk-SNARKs) for authentication. Uses a prover (snarker) to ensure each block commits to the state. Implements Ouroboros Samasika proof-of-stake mechanism for consensus. Verifiers: Users who authenticate consensus information using zk-SNARKs. Block Producers: Stakers or miners who bundle transactions into blocks and earn rewards. Snarkers: Producers of low-cost zk-SNARKs used in transaction verification. Cost Optimization: Snarkers compete to produce low-cost SNARKs. SNARK stands for "Succinct Non-interactive Argument of Knowledge." It is a cryptographic proof that allows someone to authenticate information without revealing the underlying data. SNARKs are used in various blockchain protocols, including Mina Protocol. Snarkers use Zero-knowledge, which means that they allow a prover /node to prove the validity of a statement to a verifier / node without revealing any additional information beyond the validity itself. Despite this relativle modern blockchain format, the price of MINA has been taking a big hit. This is mostly because they started up at the end of the bull run, which means that they wouldn't have much room to grow in the bear market... I want you guys to try to get a fundamental understanding of the coins that you are trading, such that you can understand the tokenomics better. That way you have a better understanding of the supply and what drives the demand of the project Chart analysis for MINA As of right now, the price has hit the bottom of the triangle that MINA is going towards, momentum seems to have reversed which means we could see some upside from here. The Visible Range Volume Profile also shows that there is a lot of liquidity at the levels near the 4H value Line (Contraction zone), this is also where the Point of Control is. The TDIGM is also showing that the momentum line (black line), is being rejected off the bollinger band, statistically, this momentum will be mean reverting, which is why we might see some upside in the mid-term. That's why I see the potential trade that is displayed on the chart. The first target is at the 0.382 fib level. ps. I want to thank all the followers from MJI786's channel, I hope to give you some great insights on the market. Stay safe! I have linked an idea from MJI786 that uses the same concept, but on a higher timeframe with more precise targets.
Long
by IkkeOmar
#MINAUSD - After good Gains, comes a Good Loss#MINA has been trending in this descending parallel channel for well over a year now, swings to top and bottom with plenty of good trades. We've got another cracking trade right here from CTv2 with a Sell signal coming off a trend line rejection - meeting the channel's mid-line with a previous swing low gives us a nice 50% profit target for this trade. _________ What Do You Think? If you enjoyed or agree with this idea - drop us a comment, like & follow! 😀 Ideas by theCrypster meet the guidance notes and disclaimer as mentioned below and within our website. See Signature for more info! ✌️ 🔥🔥🔥 Crypto Tipster v2 theCrypster 🔥🔥🔥
KRAKEN:MINAUSDShort
by theCrypster
14
#MINAUSD - After a Mammoth 100% Gain, What Does this Short OfferWe've had a test and rejection off a historically strong descending trend line - now we've got a Sell signal from CTv2. Looks like there's 2 main areas of support here, one at 17% below current price, the other at 40% below. Set your TP's here and let's go! What Do You Think? If you enjoyed or agree with this idea - drop us a comment, like & follow! 😀 Ideas by theCrypster meet the guidance notes and disclaimer as mentioned below and within our website. See Signature for more info! ✌️ 🔥🔥🔥 Crypto Tipster v2 theCrypster 🔥🔥🔥
KRAKEN:MINAUSDShort
by theCrypster
12