Mastercard is Down for the 2nd Day in a Row

The Hourly View for Mastercard

  • At the time of this writing, MA’s price is down $-0.07 (-0.02%) from the hour prior.
  • This move is a reversal from the hour prior, which saw price move up.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
  • Price action traders may also wish to note that we see a pin bar 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 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 $-5.57 (-1.67%) from the day prior.
  • Mastercard has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears.
  • Regarding the trend, note that the strongest trend exists on the 100 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.

Below is a daily price chart of Mastercard.

MA

Featured Mastercard Idea From TradingView

Below is a trading comment entitled ETH/USD LONG SETUP(INVERSE H&S PATTERN) you may find interesting:

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…

MavRich_Trading