Mastercard May Be Offering a Trading Opportunity With Its Cross Below Its 200 Moving Average

The Hourly View for Mastercard

  • At the moment, MA’s price is down $-1.65 (-0.45%) 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 50 hour timeframe.
  • The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Mastercard’s hourly price chart is shown below.

MA

Below is a daily price chart of Mastercard.

MA

Featured Mastercard Idea From TradingView

Below is a trading comment entitled Gold breakout, warned you about it you may find interesting:

Hello everyone, as we all know the market action discounts everything 🙂 _________________________________Make sure to Like and Follow if you like the idea_________________________________ On the 25th of October, i posted my analysis for the Gold market and warned you that the market seems to be getting ready for a breakout soon, Today we see that result for that Analysis where the Gold market pushed from $1798 all the way to $1866 and this movement doesn’t seem to be stopping yet. https://www.tradingview.com/i/jh8ZgxQA/ Now let’s see what are the Possible Scenarios for the market :The market seems to be in a Bullish state after breaking the $1860 resistance level and looks like it will be going to the $1880 level soon, where we might see resistance from the Bears in hope to drive the market back down. in case the Bulls were able the breakout that $1880 level then the market value will reach the major resistance level at $1900 where the big battle will happen between the Bears and Bulls over control of the market.Technical indicators show :1) The Market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish Sign)2) The MACD is above the 0 line whic…

GabiDahdouh