Mina protocol analysis; (MINA/USDT Update)๐๐
HEY, what's up Guys and Girls ?!
Since 22 Mar 2022, that I posted the last analysis for MINA protocol , after breakout the descending
trendline and a little rising and testing the higher resistance zone , it wasn't successful to rise more ,
then as bull trap massively dropped ,and has been declining till now!
So today as you see on the daily timeframe for MINA/USDT , after a little consolidation phase around current support zone it is strugling with the decending trendline as a dynamic resistance , now it is ready to have a jump over here, so in this case if it be able to breakout the descending then the higher R lvl , so based on sufficient volume ,it'll likely fills the VG zone and even can see the higher resistance zones or VWAP line ! but otherwise it may get rejected at higher R level and retest the lower Support zone before any new jump !
โ๏ธ Good luck with your trading and investing and remember: Trade smartโฆOR JUST DONโT TRADE!
--------------------------------------------------------------------------------------------------------------------
๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're fan of my analyses please follow me , give a big thumbs ๐ OR drop a comment ๐ฏ
Since 22 Mar 2022, that I posted the last analysis for MINA protocol , after breakout the descending
trendline and a little rising and testing the higher resistance zone , it wasn't successful to rise more ,
then as bull trap massively dropped ,and has been declining till now!
So today as you see on the daily timeframe for MINA/USDT , after a little consolidation phase around current support zone it is strugling with the decending trendline as a dynamic resistance , now it is ready to have a jump over here, so in this case if it be able to breakout the descending then the higher R lvl , so based on sufficient volume ,it'll likely fills the VG zone and even can see the higher resistance zones or VWAP line ! but otherwise it may get rejected at higher R level and retest the lower Support zone before any new jump !
โ๏ธ Good luck with your trading and investing and remember: Trade smartโฆOR JUST DONโT TRADE!
--------------------------------------------------------------------------------------------------------------------
๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're fan of my analyses please follow me , give a big thumbs ๐ OR drop a comment ๐ฏ
