MINA Closes +60% Gap Previously Forecasted by Crypto Trader By CoinEdition
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© Reuters. MINA Closes +60% Gap Previously Forecasted by Crypto Trader- Crypto trader Mac gives an update on his previous analysis on MINA.
- The altcoin’s price rose more than 9% in the last 24 hours.
- Technical indicators suggest that MINA’s price will drop in the coming 24 hours.
The crypto trader, Mac tweeted an update today regarding a technical analysis he did on Mina (MINA) on 31 January, 2023. In his previous analysis of the altcoin, Mac mentioned that MINA had reclaimed the 1-day trend and added that the altcoin’s price should fill the $1.2 monthly gap in the weeks that would follow if (BTC) does not rug.
$MINA +60% gap filled https://t.co/W40HBCmV6l pic.twitter.com/GYzPMtgle9
— Mac (@MacnBTC) February 16, 2023
Today’s tweet revisited the analysis performed last month, to share that the more than 60% gap was filled by the altcoin as the trader had forecasted.
This comes after the crypto market leader pumped more than 10% over the last 24 hours according to CoinMarketCap. At press time, BTC’s price is trading above the major $24k price level.
Meanwhile, MINA’s price jumped 9.97% over the last 24 hours as well. As a result, the altcoin’s price is trading at $1.14 at press time.
Daily chart for MINA/USDT (Source: TradingView)
The price of MINA has printed higher lows and higher highs on its daily chart over the last week. As a result, the altcoin’s price is trading above the 9-day and 20-day EMA lines at press time.
The daily RSI indicator, however, suggests that MINA’s price will drop in the coming 24-48 hours given that the daily RSI line has recently crossed bearishly below the RSI SMA line.
Traders will want to keep an eye on the support level at $1.140, which MINA’s price is currently resting on at press time, as a drop below this level will result in MINA’s price dropping to the next support at $1.040.
Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
The post MINA Closes +60% Gap Previously Forecasted by Crypto Trader appeared first on Coin Edition.
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© Reuters. MINA Closes +60% Gap Previously Forecasted by Crypto Trader- Crypto trader Mac gives an update on his previous analysis on MINA.
- The altcoin’s price rose more than 9% in the last 24 hours.
- Technical indicators suggest that MINA’s price will drop in the coming 24 hours.
The crypto trader, Mac tweeted an update today regarding a technical analysis he did on Mina (MINA) on 31 January, 2023. In his previous analysis of the altcoin, Mac mentioned that MINA had reclaimed the 1-day trend and added that the altcoin’s price should fill the $1.2 monthly gap in the weeks that would follow if (BTC) does not rug.
$MINA +60% gap filled https://t.co/W40HBCmV6l pic.twitter.com/GYzPMtgle9
— Mac (@MacnBTC) February 16, 2023
Today’s tweet revisited the analysis performed last month, to share that the more than 60% gap was filled by the altcoin as the trader had forecasted.
This comes after the crypto market leader pumped more than 10% over the last 24 hours according to CoinMarketCap. At press time, BTC’s price is trading above the major $24k price level.
Meanwhile, MINA’s price jumped 9.97% over the last 24 hours as well. As a result, the altcoin’s price is trading at $1.14 at press time.
Daily chart for MINA/USDT (Source: TradingView)
The price of MINA has printed higher lows and higher highs on its daily chart over the last week. As a result, the altcoin’s price is trading above the 9-day and 20-day EMA lines at press time.
The daily RSI indicator, however, suggests that MINA’s price will drop in the coming 24-48 hours given that the daily RSI line has recently crossed bearishly below the RSI SMA line.
Traders will want to keep an eye on the support level at $1.140, which MINA’s price is currently resting on at press time, as a drop below this level will result in MINA’s price dropping to the next support at $1.040.
Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
The post MINA Closes +60% Gap Previously Forecasted by Crypto Trader appeared first on Coin Edition.
See original on CoinEdition
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