Traders will also want to note, though, that a counter trend — meaning a trend going down — can be seen on the 30 day timeframe.
The price move occurred on stronger volume; specifically, yesterday’s volume was up 14.96% from the day prior, and up 6.28% from the same day the week before.
And for candlestick traders, a special treat: there are doji and pin bar patterns showing up on the charts as well.
The change in price came along side change in volume that was up 0.47% from previous day, but down 32.26% from the wednesday of last week.
Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
This move happened on lower volume, as yesterday’s volume was down 19.68% from the day before — and down 19.81% from the same day the week before.
The change in price came along side change in volume that was up 25.31% from previous day, but down 10.93% from the wednesday of last week.
For another vantage point, consider that visa inc’s price has gone up 7 of the previous 14 trading days.
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
This move is a reversal from the hour prior, which saw price move up.