MINAPERP trade ideas
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.
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Update: Double Bottom Likely...My initial chart from May, failed, the trend did not bounce off of the trend line thanks to the Biden Blunder Blitz Team (Gary, Jerome, and Janet). There appears to be a double bottom in the works, so watch this. This is not financial advice but "FYFE" (For Your Financial Entertainment). It will get worse before it will get better.
#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.
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#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!
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theCrypster
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MINAUSD Bull Flag breaking upwards. 1Week MA50 remaining.MINAUSD has broken its Bull Flag formation to the upside. Ahead of an upcoming 1Day Golden Cross, the bullish signal couldn't be stronger. MINA has been in range basically since June 2022 but the only Resistance that matters right now is the 1Week MA50. Wait for a break out and Target the 1.5 and 2.0 Fibonacci extensions.
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WILL BREAK BREAOUT?We see MINA reached our 1.618 fib extension level of 0.82319340 while consolidating within a bullish flag
But will it finally breakout?
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MINAUSD Will be extremely bullish if it breaks this ResistanceMINAUSD has been on a short-term Parabolic Rally since it broke above the 1D MA50 (blue trend-line) and later the 1D MA200 (orange trend-line). Right now it is approaching the most important Resistance Cluster of the past 6 months as not is it just below the November 10 2022 Lower Highs trend-line (basically the Bear Cycle Resistance) but also the 1W MA50 (red trend-line (that has never been broken) and the 0.9950 August 10 High.
It is easy to realize that breaking above this cluster will make Mina gain incredible buying momentum and new buyers will enter the market for the long-term. Ideally we would like to see a 1D candle closing above the 0.382 Fibonacci retracement level. Then our targets will be each upper Fib level in succession.
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Risk
- Medium - High
Entry Conditions:
- Bounced of Key Support
- Bounced off 50EMA 1h
- ZkApps Programmability Completion
- Incoming McFly Scalp Signal
News Source:
- coinmarketcal.com
Entry: $0.95400
Take Profit 1: $1.01850
Take Profit 2: $1.08200
Stop-Loss: $0.88925
MINAUSD โ descending channelMINA is moving in a downward channel.
The price is under liquidity.
Trading volumes are declining.
BB indicator shows overbought (1H TF)
Major MAs show bullish sentiment (30m TF)
50MA break up 200MA (1H TF)
I expect that the price may reach the upper boundary of the descending channel, but after fixing under it will continue to fall.