MINAUSD Major bullish break-out above the Channel Down

23 Mar 2022

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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