Analysis of $MINA and its Expected Direction
š„š„š„ā¼ļøā¼ļøā¼ļøšš
1. First Chart
From the analysis of the first chart:
ā¢ Key Points:
ā¢ There is a buying zone marked between 0.3480 and 0.4000.
ā¢ The first expected target: 0.8979.
ā¢ The second expected target: 1.3187.
ā¢ The third expected target: 1.7224.
ā¢ General Trend:
ā¢ The expected trend is upward, with strong support areas in the marked buying zone.
ā¢ If the resistance level at 0.8979 is breached, the currency may continue to rise to 1.3187 and then 1.7224.
2. Second Chart
From the analysis of the second chart:
ā¢ Volume and Open Interest Indicators:
ā¢ There is a decline in trading volume as indicated by the CVD indicator.
ā¢ The open interest rate is stable, indicating a balance between supply and demand.
3. Third Chart
From the analysis of the Liquidation Heatmap:
ā¢ Structure and Pressure:
ā¢ The chart shows high and low pressure areas where the market is prone to liquidation.
ā¢ Liquidation areas are shown in yellow, indicating high liquidity.
Conclusion
ā¢ Technical Analysis indicates strong upward opportunities for MINA provided it stays above the marked buying zone.
ā¢ Other Indicators (CVD, open interest, Liquidation Heatmap) support the bullish scenario if the currency maintains its support levels.
#BinanceTurns7 #SOFR_Spike #BinanceHODLerBANANA #Biden_Out_BTC_Up #Bitcoin_Coneference_2024