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

The Hourly View for Mastercard

  • At the time of this writing, MA’s price is down $-0.57 (-0.16%) from the hour prior.
  • It’s been a feast for bears operating on an hourly timeframe, as Mastercard has now gone down 4 of the past 5 hours.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 100 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

The Daily View for Mastercard

  • At the time of this writing, MA’s price is up $1.34 (0.37%) from the day prior.
  • The daily chart shows that Mastercard has seen 3 straight up days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Mastercard. Given that we see an uptrend on the 10 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • Most noteworthy in the world of moving averages on the daily chart is that the 200 day moving average has been crossed, so that price is now turning above it. 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

Below is a trading comment entitled Bitcoin During Parabolic Runs – Watching the 4H Moving Averages you may find interesting:

This is a quick post to show where optimal “buy in” points occurred during Bitcoin’s last parabolic run, as well as when it started to really look like BTC price was losing momentum. I don’t think Moving Averages are great in necessarily predicting where price will go, but I do think they’re a useful tool for assessing momentum. When upside momentum is strong, the bullish alignment of the MA’s remains largely intact. The death cross generally only indicates that momentum has already slowed. On the left side of the chart, you can see how Bitcoin reacted each time the red 50 MA got close to the yellow 100 MA on the 4 hour chart. Bitcoin’s first all-time high break of this cycle took roughly 3 attempts. On both rejections, the 50 moved down to touch the 100. The major support was found at the 200 MA (teal). https://www.tradingview.com/x/aheBZcb6/Then, during Bitcoin’s first major correction from…

VictorCobra