🌟 MINAUSDT Bullish Surge Ahead? Watch for Resistance Break!💎 Paradisers, #MINAUSDT has broken out of the resistive trendline and formed a 'W' pattern. There is also a supportive trendline below, which together with the resistive trendline forming a kind of triangle pattern.
💎 If #MINA breaks above the resistance zone and closes a candle above it, it will increase the probability of a bullish move.
💎 In the case of a pullback from here, we can expect a bounce from the demand area, which will enhance the likelihood of a bullish move from this point. However, I suggest looking for bullish signs here to increase the probability in our favor.
💎 However, if the price falls and shows panic selling, it would be better to ignore it in this case, especially considering the potential market uncertainty due to China-Taiwan news. It's better to avoid the market under such circumstances.
MINAUSDT trade ideas
MINA🐳#MINA (x33.0606)
🌀1.2099 USDT
💵40 USDT
Mina 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.
Cup and Handle + W Pattern Formation! 📈 Get Ready for Potential💎 MINA has formed a cup and handle pattern, along with a W pattern on the demand level, which enhances the likelihood of a bullish move.
💎If MINAUSDT breaks above the resistance area, we can anticipate targets up to the next resistance level. In the event of a pullback, we can expect a bounce from the demand level.
💎However, if the price breaks down below the demand area, it would suggest a bearish structure. In such a scenario, it would be prudent to wait for better price action before making any decisions.
Mina Rally Mode: Your Chance to Buy and ProsperMina Coin (MINA): Short Fundamentals, Recent News, and Disclaimer
Fundamentals:
Privacy-focused blockchain: Mina utilizes zk-SNARKs (Zero-Knowledge Succinct Non-Recursive Arguments) to create a lightweight blockchain.
Small blockchain size: Unlike traditional blockchains that grow constantly, Mina's chain size remains constant regardless of transactions processed.
Scalability potential: Mina's constant chain size offers potential for scalability, addressing a major hurdle for blockchain technology.
Recent News:
Feb 21, 2024: Mina Foundation announces collaboration with NEAR Protocol to explore cross-chain interoperability.
Feb 14, 2024: Mina successfully completes integration with CoinList for staking rewards.
Jan 30, 2024: Mina launches Mina Launcher, a simplified development environment for building dApps on the Mina protocol.
Disclaimer:
Early stage project: Mina is a relatively new project with ongoing development. Its long-term viability is yet to be proven.
Limited adoption: While Mina's technology offers promise, it hasn't yet been widely adopted by decentralized applications (dApps).
Additional Notes:
Mina's focus on privacy and scalability positions it well for potential future growth in the blockchain space.
However, the cryptocurrency market is inherently volatile, and there's no guarantee of success for any project.
Recommendations:
If you're interested in Mina, stay informed about its development progress and dApp adoption.
Consider Mina's potential alongside established blockchain projects with a larger user base.
Always conduct thorough research before making any cryptocurrency investments.
Disclaimer:
This information is for educational purposes only and should not be considered financial advice.
Cryptocurrency investments are highly volatile and carry significant risks.
Do your own research before making any investment decisions.
MINA USDT Swing Long Setup - Mina has a very bullish structure
- Mina can shoot up impulsively from here
- From a trading perspective only add Mina in the retracement shown in the chart
- I will not add longs before that, keep your entries very conservative or one crash can destroy your whole account
$MINA inside Bullish Rectangle on Daily TFI found that large volume is coming in $MINA and also the chart pattern and trend shows bullish consolidation and a soon breakout.
Although market is in downtrend it would be bit risky to trade, still I would advice you to take minimal risk and invest a very small capital with tight RR if
you are willing to trade.
Entry @ 0.920
Exit @ 1.150
SL @ 0.800
💡Don't miss the great buy opportunity in MINAUSD @MinaProtocol
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.702).
. 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 72.
Take Profits:
TP1= @ 0.805
TP2= @ 0.919
TP3= @ 1.000
TP4= @ 1.098
TP5= @ 1.188
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 62
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 ❤️
💡Don't miss the great buy opportunity in MINAUSD @MinaProtocol
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.75).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MINAUSD 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 73
Take Profits:
TP1= @ 1.94
TP2= @ 2.25
TP3= @ 2.58
TP4= @ 2.84
TP5= @ 3.19
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 ❤️
