MinaUSDT1: A Potential Breakout in the Making? Key Points:

The major cycle is bullish, but the price is currently in a range-bound pattern.
The medium-term cycle is also bullish, and if the weekly candle closes above 1.50, it could turn all three cycles (major, medium, and minor) bullish.
The weekly RSI is below 70, and if the candle closes above the aforementioned level, the RSI is likely to enter the overbought zone, potentially leading to a sharp move upwards in the first half of the following week.
The 7-week SMA has reached the weekly candle, and the indecisive candlestick pattern indicates buyer strength. The 25-week SMA and 99-week SMA have also been broken, further supporting a potential bullish move.
Conclusion:

After the price consolidates above 1.50, with a stop-loss below the previous low of 1.09, there is a strong possibility of a bullish breakout. However, this is just an analysis, and the trade should only be taken if the aforementioned conditions are met.

Additional Notes:

This analysis is based on the TradingView platform.
The author is not a financial advisor, and this analysis should not be taken as financial advice.
Always do your own research before making any investment decisions.
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