VISA About to start a historic Bull Cycle similar to post 2009This is Visa Inc. (V) on the 1W time-frame. The primary pattern since the July 26 2021 All Time High (ATH) has been a Falling Wedge and the price continues to hold that formation after being rejected on the August 15 candle on the Lower Highs (top) trend-line. With the 1W MA50 (blue trend-line) crossing below the 1D MA100 (green trend-line), the first Bearish Cross since March 14 2011 has been formed!
In fact that Bearish Cross capped off a similar trading pattern to that Visa has been trading in since mid 2019. This idea compared the two eras: 2019 - 2022 and 2008 - 2011.
In 2011, the stock was trading within a Channel Down as the accumulation pattern instead of a Falling Wedge, with its Lows contained around the 0.5 Fibonacci retracement level. Following the Bearish Cross and the pull-back that came with it, the price made one last Lower High, pulled-back and then broke above the pattern aggressively. If the same formation continues to be repeated then we can have a break above the Falling Wedge by December/ January. See also how the RSI and MACD patterns are similar.
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Visa
V: Who is going to win, BULLS OR BEARS?? Ticker Symbol: $V
Strategy: Neutral until break either side on Rising wedge
Time Frame: 4HR
TRENDSI ATS: BEARISH (RED DOT WITH RED LINE)
RSI Technical: Bearish.
$V is making Descending Triangle Pattern, which is Bearish. Also, formation of Rising Wedge in last couple of weeks, that is Bearish as well.
I am still NEUTRAL, until I see breakout confirmation on either side.
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🤖 #BTCLIVE - 05.08 - #IDEA 🤖🤖 #BTCLIVE - 05.08 - #IDEA 🤖
70:30 Long-Term
Bullish:Bearish
Technical Analysis:
Current Status:
Confirmed a descending broadening wedge - since the 1st August with the latest to failed breakouts. These are particularly bullish patterns - based on historical data showing a 79% frequency of breaking up from them. In the same data set it is claiming a 33%, although suggest you ignore that. With options expiration there is expected volatility which could see the breakout happen today although based on the most recent rejection we have seen some good support come at the POC line and 20 DEMA was lying in wait just below too. If it breaks out again things are turning v.bullish although breakout is not confirmed yet.
Bullish Scenario
Breaking and retesting $23.4k will see a short term target of approx. $24k and a bigger term target of $25.5k
Bearish Scenario
A Break down and retest of $22.7k will likely start the descent to $21.5k at the lower range of the longer term - breaking down on that will spell major bloodshed.
Key News:
- Pornhub no longer uses VISA/Mastercard likely to fall back on Crypto
- Coinbase has received a class action lawsuit alleging the #crypto exchange made false claims regarding its business activities
- Options Expiration
- Elon Musk said to expect a recession
Metrics:
Exchange
+ Exchange Reserve - As the exchange reserve continues to fall, it indicates lower selling pressure.
- Exchange Netflow Total - Net deposits on exchanges are high compared to the 7-day average. Higher deposits can be interpreted as higher selling pressure.
Miners
/ Miners' Position Index (MPI) - Miners' are selling holdings in a moderate range compared to its one-year average.
+ Puell Multiple - Miner's revenue is decreasing significantly compared to the cost they put in. This could indicate that price is undervalued along with the increasing miner's motive to hold their coins.
On-Chain
+ aSOPR More investors are selling at a loss. In the middle of a bear market, it can indicate a market bottom.
+ Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins.
+ Net Unrealized Profit and Loss (NUPL) - Investors are in a Fear phase where they are currently with unrealized profits that are slightly more than losses.
+ Transfer Volume - The total number of coins transferred has increased by 315.00% compared to yesterday.
+ Active Addresses - The total number of active wallets used to send and receive coins has increased by 21.00% compared to yesterday.
+ Transactions - The total number of transactions has increased by 72.00% compared to yesterday.
Sentiment
+ Coinbase Premium - US investors' buying pressure is relatively strong in Coinbase.
- Korea Premium - Korean retail investors' buying pressure is relatively strong.
- Fund Premium - Investors in funds and trusts including Grayscale have relatively weak buying sentiment.
Derivatives
+ Funding Rate - Long position traders are dominant and are willing to pay to short traders.
- Taker Buy Sell Ratio - Selling sentiment is dominent in the derivatives market. More sell orders are filled by takers.
/ Open Interest - As OI decreases, it indicates investors are closing futures positions and possibility of trend reversals. In turn, this might trigger the possibility of long/short-squeeze caused by sudden price movement or vice versa.
+ Liquidation - 15624591.41 of short positions were liquidated in the last 24 hours.
Evotrade: Visa upside for a minimum of 4 till maximum of 7 daysThe chart shows in yellow index cycles by linking swings of minimum .
W= weekly cycles (7-11 days)
2W= bi weekly cycles (12 to 21 days)
12W= three month cyclce (45 to 86 days)
every major cycles is made of minor ones e.g. 2W= W+W, 4W= 2W+2W/ 2W+W/W+W+W
The chart also shows in white inverted cycles by linking swings of maximum (Same rules are applied as for the index ones).
Knowing the combination of the two, when a critical swing (maximum/minimum) is broken within a certain time, it is possible to calculate the remaining time in which a long/short position can be hold.
In this case given that the higher price of the critial swing Wi at 208,12$ was broken yesterday after only 3 days, the remaining time as for the title will be used to increasingly push the price up.
There is time to open long position from minimum of 20th of july till a maximum of 26 of july.
WARNING
The position hold till 20th of july is the minimum time till the cycle will be completed. From the 20th till 26th despite the inverted cycle has time to further push the price up, an inverted weekly cycle can begin as well, pushing the price further down. As a consquence holding a long position after the 07/20 can be risky.
VISA Downtrend TriangleNYSE:V
This is a continuation pattern that indicates that sellers are more aggressive than buyers, and is usually resolved with a break of the downside trendline. The signal would be deceived a close under the lower trendine with an increased in Volume . There might be a comeback move after the break of the lower trendline, but it should encounter resistance in the lower trendline.
CRO daily...whoa, are you ready for this?CRO Daily chart: well where do we start...the company is screwing everyone
with there horrible cuts in % staking rewards along with many other features
going into the toilet, but, the chart is playing out how it should. Take a look
at the white consolidtion box... .50 and .32 were the support and resistance
levels...and the DeMark 9 has read a triple bottom...only thing, it wicked under
the support but is holding right at it...I feel the sell off is bc of the horrible
email users recievecd over the lst couple days...lets see if it will hold support
here and make a move to the upside... the retracment to thje golden pocket
would be a nice spot for it to get back too and i could see that scenaro if
we hold here...if not, $0.22 could be the elevator down to. RSI is way oversold
as well which makes it a great floor.
Visa - Can it Still Jump 30%?Is the financial giant Visa still able to show upside of up to 30% given the struggles in the world?
Fundamental indicators:
Revenue and Profits - keeps growing and beating expectations
Profit margin - is at circa 50% which makes it one of a kind
P/E - is quite high at 35x but may be deemed acceptable with this sort of business efficiency
Liabilities - no problems there
Risks:
Recession - is most likely approaching hence will eventually impact this impressive business as well
Eastern Europe conflict - suspension of business in Russia will have some impact on earnings
Technically:
It is clearly visible that Visa was enjoying exponential growth up until 2020 - which can be marked as global wave 3 using Elliott Wave count
Following Fed's pump of money into economy it stretched the correction into a Running Flat which ended in February 2022
And now we are potentially enjoying the final fifth wave which already looks that it may develop into Ending Diagonal when observing in lower timeframe
Specifically it looks like the first wave has already been formed by zigzag ,and now that the second wave has completed the third wave is developing
Depending on the shape of the fifth wave, Ending Diagonal or Impulse, the target is potentially ranging from $250 to $270 using Fibonacci levels
Alternative scenario - there is an alternative scenario that the fifth wave has already completed but it looks very unlikely at the moment
So the question is - will Visa be 'the last man standing' continuing the growth before crisis hits the global economies?
What are your thoughts about this scenario?
Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves.
Thanks
$V momentum play$V entering the squeeze as MACD crossing and possible curling up to the upside. no latest news about the V some of the news is so so but nothing serious.
in terms of inflation people are being more conservatives about their spending. but in the same time people are out and about after the covid restriction get
lifted up and most stores and amusement park doesn't required face mask.
V average move per day is $3.00-4.00
Day trade or scalp target play: 04/04 /22
Buy call above 227.92 sell at 229.00 or above.
Buy puts below 224.45 sell at 223.24 or below.
option open interest: ideal expiration date: 4/14/22 or 6/17/22
Hello everyone,
welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
If you have any questions or suggestions which stock I should analyze, please leave a comment below.
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My technical analysis is not to be regarded as investment advice. but for general informational proposes only.
VISA: Buy Zone is 206-211Visa just completed an impulsive 5-wave move off the low. It looks very clear that the bottom is in on Visa. Now the uptrend has become exhausted, and the stock need times to rest. The fibonacci extension targets have been reached, and you will also notice bearish divergences in MACD and RSI which also support this thesis. I will be targeting the .382 - .500 fibonacci retracement to buy.
Visa running out of credit part 2. VImmediate targets 214, 204, 197. Invalidation 291.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
Mastercard Long term nice investmentHow to make a good investment?
1) Invest in something solid (Mastercad is an example with the market cap 317B)
2) the trend that always grows
3) find a minimum point (in this case on the average 200 at 1w)
4) pattern: ascending triangle
5) Buy and let it go (HOLD)
BTC is finally going back to 50K?Weekly Time-frame
BTC pumping hard, thanks to FUD and the fear and greed index in #22 today, its the best time to pump the coin. Rejection area stays in $44,051.40 if we break this rejection area the next rejection area is in $48,803. This would make our long position in profit. We are still inside Ichimoku Cloud which is still neutral looking forward to break above the cloud and make it the next support area.
1D Time-frame
We broke inside the cloud and also broken the Tenken Sen Resistance. We shall see if we can break the Senkou Span B Resistance and test the previous Resistance @ $44,059. The 144 EMA also is waiting in that level. it is turning to flattening slope which would give us more chance to break it to the upside.
4H Time-frame
4H time-frame is now pumping from the RSVVB indicator, we can see the end of the constriction that is now making a massive move to the upside. We hope this pump is enough to break the $45,000 resistance level. Awesome Oscillator is now in positive zone which means there is more to the upside. We just printed 1 positive volume.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Russia has imposed sanctions against Visa and Mastercard !Russia has imposed sanctions against Visa and Mastercard . Starting from March 10, Visa and Mastercard payment systems stop servicing cards issued by Russian banks. In Russia, the cards will continue to work without restrictions, including business cards. Russia is switching to its own payment system Mir.
Cards issued by foreign banks will no longer work in Russia: they will not be allowed to pay for purchases in stores and make transfers to cards of Russian banks.