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

The Hourly View for Mastercard

  • At the time of this writing, MA’s price is up $0.58 (0.17%) from the hour prior.
  • Mastercard has seen its price go up 9 out of the past 10 hours, thus creating some compelling opportunities for bulls.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe.
  • 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

  • Currently, MA’s price is up $8.27 (2.47%) from the day prior.
  • The daily chart shows that Mastercard has seen 3 straight up days.
  • Regarding the trend, note that the strongest trend exists on the 20 day timeframe.
  • 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.
  • 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

Below is a trading comment entitled Most Likely Down to Up Trend To Meet New ATH you may find interesting:

With everyone (most people) looking at history, charts, fractals, indicators, etc; I charted the “most likely” real world direction BTC “should take”. Does this mean we are Bearish, NO! We are very BULLISH. However retests, and supports are ALWAYS needed to grow a healthy stable market…Before setting new all time highs. The longer we go without a scenario like the one shown here, the more likely and more dramatic (larger downside) it becomes. Can it continue straight up? YES…for a short while, but these l…

santosnyla