MINAUSD Major bullish break-out above the Channel Down

MINA just broke above the Channel Down that it has been trading in since the November 11 2021 Double Top. The 1D RSI has made a Higher High and in fact is at its highest level since November 13 2021. Both of the above are early indications that the coin is at the early stages of a new major rally.

In fact, the last time the price broke above the 1D MA50 (blue trend-line) in such fashion was on July 31 2021. That was when the aggressive rally of August - September 2021 started. Interestingly enough, both sequences display the same bottom structure formation. Technically, MINA should target the 6.55 Resistance on the long-term.




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