Page Analysis – Supreme MINA price action

Here are the latest thoughts from Page Analysis on the recent MINA price activity, please remember we are not qualified financial advisors, please do your own research.

The MINA price action this week has been supreme…

In the last post we highlighted that MINA was looking at testing the $2.68 USD level (-17%). MINA looked set for a retrace. This retrace occured with MINA finding significant support at the $2.68 USD level.

From here MINA exploded, breaking the corrective resistance line. MINA subsequently rose from $2.80 USD to our medium term target of $4.50 USD in a mind blowing move.

Now that MINA has hit a major resistance zone, we expect consolidation of the $3.75 USD level. At time of writing, TA suggests that a move below $3.5 USD is highly unlikely. There is significant support at this level.

In terms of our new medium term target; we are still bullish. In the short term we expect sideways trading for a few days.