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MINA / TetherUS PERPETUAL CONTRACT

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MINAUSDT.P trade ideas

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
Market DynamicsMINA cryptocurrency demonstrates a consistent adherence to established trading patterns, firmly maintaining its position within the support range of $0.54-$0.58. Given the prevailing market dynamics, a cautious approach should be adopted when contemplating conservative long positions, accompanied by the implementation of precise stop loss strategies to mitigate potential risks effectively. It is expected that further consolidation will likely transpire in close proximity to the aforementioned support level, potentially heralding significant market movements in the near future. Furthermore, it is crucial to acknowledge the existence of an additional support level at $0.43-$0.45, which possesses the capacity to exert further influence on the prevailing price dynamics. In assessing the technical indicators, the Relative Strength Index (RSI) presently registers at 42. This reading suggests a state of neutrality, indicative of neither oversold nor overbought conditions within the cryptocurrency. Consequently, it points towards a balanced market sentiment that aligns harmoniously with the ongoing consolidation phase adjacent to the support level. Additionally, the Moving Average Convergence Divergence (MACD) indicator exhibits a value of -0.003. The negative value signifies a bearish inclination in the short term, hinting at a potential deceleration in the upward momentum. However, it is essential to exercise prudence when interpreting this reading, considering the broader market conditions and the consolidation phase unfolding near the support level. By amalgamating the comprehensive analysis of MINA's consistent trading patterns, the anticipated consolidation phase, the existence of an additional support level, and the insights derived from the RSI and MACD indicators, a more informed and professional approach can be undertaken. This approach entails cautious considerations for conservative long positions, meticulous implementation of stop loss strategies, and a careful assessment of multiple factors to navigate the evolving market dynamics effectively.
by MonoCoinSignal
1
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
MINA | MINA shows a bullish sentiment!The crypto market reversed. We should be ready to see an upside movement support by the bearish news from the banking field. I use the bullish momentum for adding more long positions. One of my very important long positions is MINA why ? - MINA is holding above 200MA as a good support. - The price moved above the local swing high (bullish signal!) 🟢Entry price: from now at 0.68 to 0.645 🎯Targets: |> 0.715 |> 0.755 |> 0.79 |> 0.86 🔴Stop-loss: Daily candle closes under 0.63 for risk takers I recommend to place stop-loss order at 0.589 ➡️Recommended risk: 0.25% ➡️Recommended total Positions Size: 1.67%
Long
by Khaledzu
4
MINAUSDT 1HIt is trapped in an LTB (downtrend line), following closely. Now you need to revoke this LTB to go in search of the gravitational center of the Ichimoku cloud around 0.732. In this movement, it is transiting between 0.724 and 0.691. Need to break 0.722 to get out of this LTB Mina Protocol is a zk-SNARKs blockchain that is riding the zk hype ahead of the Ethereum Shanghai upgrade. The team announced the Public Mine Roadmap, a multi-year vision for the future of the protocol. SUPPORTS 0.694 / 0.687 RESISTANCES 0.713 / 0.723 seller RSI MACD: Optimistic
Long
by ferulianov
MINAUSDT is testing the resistanceBINANCE:MINAUSDT is testing the 4-hour resistance after a breakout from a triangle pattern. A triangle pattern is a technical chart pattern formed by drawing two converging trendlines connecting a series of lower highs and higher lows. The pattern can be symmetrical, ascending, or descending. Typically, the triangle pattern is characterized by decreasing trading volume and volatility as the price moves closer to the tip of the triangle. A clear breakout from the triangle pattern with significant volumes can be a strong indication of the direction of the next price move. According to Plancton's Rules, if the price of BINANCE:MINAUSDT creates a clear breakout from the $0.775 area, it may suggest a bullish trend, with the next target being a retest of the 0.618 Fibonacci level. Traders could consider entering a new long position with the expectation of a continued uptrend.
by InkyGrip
6