1D time frame
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MINA is retesting this broadening formation. Generally, shall avoid to trade if consolidating in this structure, but MINA already went above it. Also, MINA got support at 0.618 Fibonacci Projection, which target is aligned with PRZ at 2.52.
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TP: 2.52
SL: 1.0107
For the BINANCE:MINAUSDT.P Long Trade Setup, the following values are suitable for our interval trade:
Entry: 0.7616
Target: 0.8132
Stop: 0.7291
Cost Reduction: -
The profit is reasonable relative to the risk.
*This is not investment advice; you can lose money. Crypto AI Signals is not responsible for any trades. 🚫💰
MINAUSD crossed over the LH trendline that was keeping it inside the Bear Cycle and broke yesterday through the 1D MA50 aggressively. The 1D MA100 (which rejected the price on August 15th) is the next target (TP1 = 0.41500). After that we will wait for the first 4H MA50 pullback to buy and target the R1 level and 1D MA200 in extension (TP2 = 0.49350).
## If you...
MINAUSD crossed over the 1D MA50 and is having a strong short term rise, however due to the long term decline all year, the 1D technicals remain neutral (RSI = 52.377, MACD = -0.007, ADX = 27.403).
According to the RSI, the current Bull Flag is the same as January 15th-25th and as such it is best for you to buy after the price crosses above the HL trendline. We...
