Mastercard Does it Again: Heads Down for the 3rd Straight Day

The Hourly View for Mastercard

  • At the moment, MA’s price is down $-1.03 (-0.31%) from the hour prior.
  • It’s been a feast for bears operating on an hourly timeframe, as Mastercard has now gone down 8 of the past 10 hours.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
  • The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

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 $-2.67 (-0.81%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Mastercard has now gone down 4 of the past 5 days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe.
  • Of note is that the 200 day changed directions on MA; it is now pointing down. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Below is a daily price chart of Mastercard.

MA

Featured Mastercard Idea From TradingView

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Ethereum (ETH/USD) remained on the defensive early in the Asian session as the pair continued to orbit the 4250 level after establishing a series of lower highs following its recent new all-time high around the 4461.96 area. Stops were recently elected below the 4175.51 area during the pullback, representing the 50% retracement of the recent appreciating range from 3889.05 to 4461.96. ETH/USD finished October with monthly gains exceeding 40%, and year-to-date gains exceeding 475%. If ETH/USD regains a bid, some upside retracement levels include the 4408.87 and 4413.82 areas.Additional upside price objectives include the 4491.60, 4504.01, 4523…

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