Visa Trend May Be Changing as Price Just Breached Below Its 20 Day Moving Average

The Hourly View for Visa

  • At the time of this writing, V’s price is up $0.41 (0.2%) from the hour prior.
  • Visa has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls.
  • Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
  • Price action traders may also wish to note that we see a doji candlestick pattern on Visa. Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • Regarding moving averages, it should first be noted that price has crossed the 100 hour moving average, resulting in them so that price is now turning above it. 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.

Visa’s hourly price chart is shown below.

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The Daily View for Visa

  • Currently, V’s price is up $2.34 (1.12%) from the day prior.
  • The daily chart shows that Visa has seen 2 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.
  • Most noteworthy in the world of moving averages on the daily chart is that the 20 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.

Below is a daily price chart of Visa.

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Featured Visa Idea From TradingView

Below is a trading comment entitled BTCUSD Elliott Waver US you may find interesting:

Current situation:wave v of Wave C. Target: Should we exceed the top of 24650 we will go ahead until target 25184.Be carefull: if we turn and break the MoB ( 22172)downwards. the Wave C is ended earlier as expected and we start the Wave 5 to downwards.

ElliotWaverUSA