US stock / ETF

BitMine Immersion Technologies, Inc.

BMNR · AMEX · USD

1 monthBearish56%
Monthly Downside probability 56%Bearish

BMNR 1M chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Monthly: Dow Theory structure confirms LH/LL

Confirmation Trigger

Recover -- and stabilize above resistance $161.

Invalidation Trigger

Break above $161 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

Monthly
Momentum StateBullish
Momentum improving

RSI 43.0, MACD --

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $22.3 (93.68%)

Monthly

EMA Structure

Range
EMA 8$22.38Bullish
EMA 21--Range
EMA 50--Range

Signals

CategoryReadStrength
Momentum
RSI 43.0 · MACD --

Momentum is weak

Strength
Bullish
Volatility
ATR $22.3 · BB --%

High volatility

Strength
Bearish
Volume
MFI 52.6 · OBV --%

Relative to 20-period average volume

Strength
Range
Price Levels
$3.92 - $161

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+670.15% · 7.2 ATR above latest close

$183.3
Nearest resistance

+576.47% · 6.2 ATR above · 15-bar high

$161
Current price

Price shown is delayed

$23.8
Nearest support

-83.53% · 0.9 ATR below · 15-bar low

$3.92
Deeper support zone

-177.21% · 1.9 ATR below latest close

-$18.38
ATR zone

Latest close ± ATR14

$1.5 - $46.1

Indicators

Trend

Dow Theory Structure

Confirmation $12.8, invalidation $24.11

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is moderate

-- / -- / --Bearish
Supertrend (10,3)

Price is above Supertrend

-$6.61Bullish
Ichimoku Cloud

Cloud Span A / Span B

-- / --Bullish
Donchian Channel (20)

20-period breakout channel position

--%Bearish

Volatility

ATR (14)

High volatility

$22.3 (93.68%)Bearish
Bollinger Bands (20,2)

Width --%

--%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

-- / --Bearish
ATR channel lower / upper

Current Volatility Envelope

$1.5 / $46.1Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$161Range
Support

Nearest Downside Decision Level

$3.92Range

Momentum

RSI (14)

Momentum is weak

43.0Bearish
MACD (12,26,9)

Histogram is negative

--Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

-- / --Bearish
Williams %R (14)

Oversold zone

-92.6Bullish
CCI (20)

Balanced zone

--Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

52.6Range
OBV slope

20-period OBV slope

--%Bearish
Volume ratio

Relative to 20-period average volume

--xBearish

Trend

Dow Theory Structure

Confirmation $12.8, invalidation $24.11

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is moderate

-- / -- / --Bearish
Supertrend (10,3)

Price is above Supertrend

-$6.61Bullish
Ichimoku Cloud

Cloud Span A / Span B

-- / --Bullish
Donchian Channel (20)

20-period breakout channel position

--%Bearish

Momentum

RSI (14)

Momentum is weak

43.0Bearish
MACD (12,26,9)

Histogram is negative

--Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

-- / --Bearish
Williams %R (14)

Oversold zone

-92.6Bullish
CCI (20)

Balanced zone

--Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

High volatility

$22.3 (93.68%)Bearish
Bollinger Bands (20,2)

Width --%

--%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

-- / --Bearish
ATR channel lower / upper

Current Volatility Envelope

$1.5 / $46.1Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

52.6Range
OBV slope

20-period OBV slope

--%Bearish
Volume ratio

Relative to 20-period average volume

--xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$161Range
Support

Nearest Downside Decision Level

$3.92Range

Related Forecasts