#Analytics #MINA
#MINA - what is this project and what are its prospects🤔? We will analyze as always in detail from the fundamental side as well as from the technical side👍
🔠First of all, let's evaluate the fundamental part:
- Mina Protocol (#MINA) is the "lightest" blockchain in the world (it weighs only 22KB), representing a logical extension of Zcash ideas and providing Proof-of-Stake compliant security🕐 What is remarkable is that the blockchain size is immutable no matter how long it is used 🟣 Thanks to this, Mina Protocol provides fast node synchronization. #MINA runs on the Succinct proofs of state or compressed proofs of state mechanism based on SNARK🟣 Zk-Snark (Zero Knowledge Succinct Non-Interactive Arguments of Knowledge) is a compressed cryptographic proof that checks blocks for validity💬
↗️Now, the technical part:
- If we evaluate the situation without "market manipulations"➡️ then it is more prioritized to wait for another decline into the WICK zone of the weekly candle, confirm the importance of the POI block and with the confirmation of the LFT-confirma, start the birth of a new 5 wave structure to fill the magnetic zones above🟢Definitely important targets, which I have marked for you, just act as magnet zones on raw Liq-type stops💲 I do not recommend picking #MINA in #Long by the market. It is better to place limit orders (important - no more than 1-3% of deposit) on the markups I specified and wait for them to fill🇹🇰 As with the market in general, I would like to see the magnets fill at the bottom. And by placing Elliot waves, we will be given a more elongated corrective B-C wave than we have now. Given my knowledge of the #MINA price move when reacting to #BTC💰 moves, the chance to enter the market at $0.6717 - 0.5600 - 0.5000 is very high!
