MINAUSDT trade ideas
🆓Mina (MINA) Apr-24 #MINA $MINA
MINA has a fairly important support zone at the moment, the $2.2 zone. It can still help MINA rally back to the $2.6 and $3.2 zones. But it can still lose this zone and fall to the $1.8 or even $1.4 zone. We need to pay attention to this $2.2 zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 2.2$ zone
🔴Buy : 2.2
🔴Sell : 2.6 - 3.2
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 2.2$ zone
🔵Sell : 2.2
🔵Buy : 1.8 - 1.4
❓Details
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
Mina Protocol inverted head and shoulder!Bullish scenario:
Mina Protocol will complete the right shoulder if the price reaches $3.17. This will form an inverted head and shoulder pattern with a price target of $6.46.
Bearish:
Rejection at the neck line ($3.17) will likely send the price back down to the next support line at $2.13.
MINAUSDT | BULLS IN CHARGEBIAS : LONG
Rationale:
After a successful breakout from a bearish trend, price action has finally come in the control of bulls with the HHs ad HLs in the making. At current levels we can take long entry with protection right below the recent HL. Our short term targets are set at the immediate resistance levels. Price action has bounced from a support level which also coincide with the 0.618 Fib level so there is a confluence favoring an upward move.
What are your thoughts?
MINAHi traders!
I have next tip for you. MINA
This is another secret coin like XMR and ZEC.
On this coin is potential for 100% and more clear profit.
Currently above bearish trendline, the buy volume is good and retail don't know about this coin.
Targets 5-6USD, in case of bullish reaction go for 300-500%.
Elevator UpMINA (Layer 1, ZK narrative) - $1.1bn market cap
Broke the downtrend and basing into a solid bull flag.
Raised $92mm couple weeks ago from Three Arrows Capital and FTX Ventures, which should give this a big lift as these investors are incentivized to support the price. This could be the ground floor of a monster move as this gets re-rated in the months ahead.
www.theblockcrypto.com
Mina in a Marathon, Resistance Bids Still ExistIn March, Mina coin saw a V-shaped recovery with a price action pole and flag pattern in the daily price chart.
MINA coin price is rising above the 0.5 Fibonacci retracement level; still, it is yet to break the 0.786 Fibonacci level (Bullish barrier).
There is no doubt that buyers have control over the MINA coin and the moving averages are the biggest paradigm of this. However, the crucial 20, 50, 100 and 200 EMAs are well below the live price.
During the bullish rally, the daily RSI is forming above the half-line (50-mark) and is currently looking in overbought territory.
The Average Directional Index is moving at 39-point, which indicates a strong bullish trend for the MINA coin.
Although MENA is under bullish consolidation, it remains below the 0.786 Fibonacci retracement level which could affect the directional trend. For more upside, the bulls need to break this barrier with massive trading volume for stability.
Resistance level- $4.0 and $6.4
Support level- $3.5 and $4.1
💡Don't miss the great buy opportunity in MINAUSD @MinaProtocol
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2.780).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MINAUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 61
Take Profits:
TP1= @ 3.019
TP2= @ 3.196
TP3= @ 3.633
TP4= @ 3.906
TP5= @ 4.253
SL= Break below S2
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💡Don't miss the great buy opportunity in MINAUSD @MinaProtocol
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2.780).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MINAUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 60
Take Profits:
TP1= @ 3.019
TP2= @ 3.196
TP3= @ 3.633
TP4= @ 3.906
TP5= @ 4.253
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
MINAUSDT is testing the daily resistanceThe price is creating a descending channel on the daily timeframe and the price is testing the second daily resistance on 2.26$
On the 4h timeframe the price is creating an Adam and Even pattern and got a rejection from the supply zone on 2.26$
How to approach?
IF the price is going to have a breakout from the supply zone and retest as new support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐