Mastercard Closed Yesterday Down -1.01%

The Hourly View for Mastercard

  • At the time of this writing, MA’s price is up $0.05 (0.01%) from the hour prior.
  • This is the 3rd hour in a row Mastercard has seen its price head up.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
  • Price action traders may also wish to note that we see a doji candlestick pattern on Mastercard. Given that we see downtrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Mastercard’s hourly price chart is shown below.

MA

The Daily View for Mastercard

  • At the time of this writing, MA’s price is down $-3.6 (-1.01%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between MA’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in MA’s price.

Below is a daily price chart of Mastercard.

MA

Featured Mastercard Idea From TradingView

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BTCUSD is setting up for sharp decline is my humble opinion.Kagi chart has double topping formation, and we are currently slightly above $63.980 support line.The Kagi will change color, which is the first condition for change of direction. The 9-period MA is approaching, and a break below will confirm downtrend. Remain short, and sell at current with stop-loss $ 65.800. Profit objective near $ 50k and if broken we will move towards $36k.

peterbokma