(MINA) GOOD TIME TO BUY

4 нояб. 2021 г.

Hello everyone !


Today the Black Cat Trader is analyzing MINA based on a Daily chart. 


What we can see :

- MINA is still trading under the downtrend line (yellow) and prices are stuck into a compression triangle.
- Note that prices are stuck under the EMA21.
- The Bollinger bands are tightened and horizontally frame the price for 1 month now.
- MACD is totally neutral

We are clearly in an accumulation mode right now. 


What we can expect :

If prices manage to break the downtrend line, wait a pullback on the new support to take position. Note that, according to the Fib circles, we can expect an event by the end of November.

——

Resistance 1 : Downtrend line / Top of triangle
Resistance 2 : Upper band of the BB
——

Support 1 : Bottom of triangle
Support 2 : Lower band of the BB

——

TP1 : 12,73 $ (1.618)
TP2 : 18,28 $ (2.618)
TP3 : 23,84 $ (3.618)
TP4 : 29,39 $ (4.618)


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