Inside the ascending channel on VisaToday we will analyze the current chart of Visa. Let's start:
a) The main two structures we can see on the chart are: The ascending channel and the dynamic support resistance level (yellow lines)
b) Currently, the price is above the dynamic support resistance level and is supported on the ascending channel
c) At the moment, we have a corrective pattern (green structure), and we say "at the moment" because the pray may keep falling and invalidates the whole idea. Yes, that's trading (what a lonely world)
d) Ok, let's keep going. What we can see here is that if the price breaks above the green horizontal line, we will take that as a confirmation of the bullish view towards the two fibo extensions levels.
e) Invalidation level is always below the structure (assuming that the price reaches the entry-level and then start falling)
f) If everything goes as expected, we can wait for a 90 - 120 days movement towards the target
Thanks for reading! And remember: Protect your Capital!
Visa
Strong Bull Signs(Visa)We have initially seen a bullish divergence on the squeeze indicator but needed more to dictate that V will have a significant bull move. We have seen the Weis Wave show that people are more interested in the Bull side as seen by the reduction in bear volume, but we have also seen a confirmed buy signal by the Willy Oscillator. For those that want a greater entry then it may be wise to watch for a dip back to Fibonacci Support(232), but I'm overall long on this stock.
Bullish Signals
-Fibonacci Support
-Willy Oscillator
-Squeeze indicator
-Weis Wave
Price Targets/Resistance
-1st 238.42
-2nd 250
Visa with 5% room to run?Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on August 13, 2021 with a closing price of 232.62.
If this instance is successful, that means the stock should rise to at least 235.82 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 4.355% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 4.952% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 7.587% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 40 trading bars after the signal. A 0.5% rise must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 14 trading bars; half occur within 27 trading bars, and one-quarter require at least 34 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
BONUS ANALYSIS: All five algorithms have simultaneously signaled a BUY on the two hour chart on four prior occasions. All four instances saw the stock move up a minimum of 4.35%. The median move was 5.557% while the average was 5.89%. The top occurred 12-38 trading bars (24-76 trading hours) after the signal bar with the average around 29 bars, and median at 32.5. The stock did not begin moving upward on three of the four occasions. The stock moved down after the signal for an average of 3 trading bars (6 hours). The target top based on this additional analysis could see the stock move toward 244.37 near the close of trading on August 24, 2021.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
Visa Earnings Trade!!Sitting above the 200 Ma w a MACD cross and a parabolic Sar. I could see this continue to the upside. This week and last week companies have been getting massively rewarded for good earnings. American Express ran $10!! Visa is gonna smoke American Express too so I can only imagine. Risky trade but if my thesis is correct tomorrow after hours this thing should pump and we should have plenty the following day to close our contracts in a nice profit.
$522.50 call for august 6th. Grab em up early during market open 7-27 we’re gonna ride this one thru earnings and sell off 7-28
VISA, Ascending-Channel-Formation, Continuations Ahead!Hello,
Welcome to this analysis about the stock VISA and the 4-hour timeframe perspectives. Although with many ups and downs in a volatile range the stock kept building up the bullish trend and is now still in an all-time-high region. In this structure now I detected some interesting developments the stock is forming that are worthwhile in the upcoming determinations. Especially as the stock already recently has shown up with some initial bullishness to the upside this can continue and lead to further developments in this main formation. For now, there are still bullish continuations possible however the bearish perspectives should not be kept by side especially when considering the upcoming distribution.
As when looking at my chart now we can watch there how the stock established this major ascending-channel-formation in the structure with the coherent wave-count in the channel. Furthermore, the stock has the main ranges in the upper and lower sections of the channel with the accumulational range marked in green in the lower boundary region and the distributional range in the upper boundary region. Besides that the stock has the coherent wave-count in the formation and the waves A to D already completed. At the moment the stock is continuing with the wave-count and the development of the wave E in the structure as the stock already increased with volatility recently this is the appropriate condition for the wave E to move on.
Mainly it will be important on how the stock continues with the wave E in this structure and how it will approach the upper sections of the main ascending-channel-formation, especially the distributional range marked in red will be crucial as the next distribution in this range will likely emerge once the stock moves into it. What comes after that will be the decisive factor for the upcoming movements because either the stock manages to stabilize in the channel structure again or increases with bearishness that much that a test of the lower boundary will follow firstly. Although central banks working on implementing the central bank digital currencies and cryptocurrency keeps expanding classical payment providers are still there nevertheless it is likely that there will come determining disruptions and changes in this field also when central bank digital currencies emerge, will be an important and interesting development ahead.
In this manner, thank you for watching my analysis about VISA and the major ascending-channel-formation with the ongoing wave-count within and the upcoming determinations, great when you support it with a like and follow or comment, all the best!
"Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the markets.
$V Chart IdeasThis trend channel has been fascinating so far. I think based off today's failure to gap up again, we will see a bounce off support and restart a new leg upwards to resistance. However, this thing is dancing around like a kangaroo right now so we will find out tomorrow. I will note that it is trading on horizontal levels and the last time it acted this way it gapped up as you can see in the bottom left of the photo.
Visa inc Stock analysis 1D 26/06/21Hello everyone , as we all know the market action discounts everything :) the Visa stock is still trading in the ascending channel with no break in either support of resistance . the stock has the possibility to reach the 260 according to all the patterns and indicators so it could be a good Buy sign at the time being at least until we can see any type of reversal forming .
Fundamental analysis :
1_Customers using the Bakkt app can now apply for a debit card which will enable them to pay with bitcoin at merchants that don’t currently take crypto. The virtual Visa card can be added to Apple Pay or Google Pay to purchase items at thousands of retailers supporting the mobile payment systems.
2_Months after calling off its $5.3 billion deal for Plaid in the face of antitrust pushback, Visa Inc. is seeking to deepen its involvement with a similar kind of technology through a new acquisition.
The payments giant announced Thursday that it plans to purchase Swedish open-banking company Tink in a deal valued at €1.8 billion ($2.15 billion.) Open-banking technology makes it so people can easily link their bank accounts with fintech and other services and it’s become a hot area within the payments landscape, especially in Europe, where regulators have championed it as a way to drive fintech innovation in a privacy-compliant manner.
Tink uses an application programming interface (API) to let customers verify accounts, access aggregated financial data, and build personal-finance tools, according to a Visa V, +0.46% release. The company, which is focused on Europe, works with more than 3,400 banks and financial institutions.
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Visa (V) still has momentum to move up?Visa is a stock that pays dividend and mainly in the credit card industry. It has rapidly moved in various digital payment gateway and is widely accepted. This stock hit 52 weeks high and all time high on 29 April at $237.50. It is now moving in a range of $228-$237.50.
Should the price stays above $228, it could break above the all time high. The nearest support would be at $220.
Daily Analysis on VISA / Inside an ascending channelToday, we will take a look at Visa.
- The main aspect we can see is the ascending channel as the main bullish structure
- The second item we see on the chart is the dynamic support resistance zone that has been tested several times from above and below
- Currently, we observe a corrective structure that tends to behave as a continuation pattern after the breakout.
- Based on all the previous items. If the price reaches the green line, we will consider it an activation level for this view. Final Target the higher trendline of the ascending channel
- The expected duration for this movement if the price reaches the green line is between 30 and 50 days.
Crypto Weekly: Visa and PayPal deepen crypto commitmentsVisa carries out the first test to settle stablecoins directly on its network in return for a payment processed. PayPal is about to let users pay with cryptocurrencies at its merchants. The use of Bitcoin for remittance payments skyrocketed in emerging markets last year.
Card issuer settles the first Visa transaction in USDC on Ethereum
Visa and Mastercard are working to bring on crypto-related services onto their network, respectively. Visa is publicly working on two distinct services. First, Visa is set to launch a service for banks this year providing easy access to trading cryptocurrencies. Second, Visa has been working on enabling settlements in the second-biggest stablecoin called USDC directly on its network. Yesterday, Visa confirmed that it has launched the pilot program of this service. Additionally, the payment processor said it has successfully completed the first test as Crypto.com has send USDC on Ethereum to Visa’s wallet to settle a payment. Thereby, Crypto.com does not have to send fiat to Visa whenever users use a Visa card issued by Crypto.com. Instead, the new procedure enables the issuer to settle directly in USDC . In the future, Visa will also offer merchants settlement in USDC . This enables instant settlements of merchants instead of having them wait several weeks for their settlement to go through.
PayPal to let users pay with cryptocurrencies
PayPal launched buying and selling of cryptocurrencies in October 2020. At that time, it was expected that PayPal would let users pay merchants using their cryptocurrencies sometime in 2021. As expected, PayPal will shortly let users pay with their holdings in Bitcoin , Ethereum , Litecoin, and Bitcoin Cash , the company confirmed today. When users pay using cryptocurrencies, the selected cryptocurrency will instantly be converted to fiat to settle the merchant. The conversion will occur without any fees on the users’ end, and without any additional costs for the merchant compared to traditional PayPal payment types. However, as users are not able to deposit cryptocurrencies to PayPal, they need to buy them through the company, which is subject to heavy fees. PayPal will send out an official press release later today describing the service in detail. The press release will likely consist of the exact date for the roll-out, which is expected to take place within some months.
Bitcoin sees growth in usage in developing countries
According to Quartz, the usage of Bitcoin in developing countries skyrocketed last year, based on data from Chainalysis. Bitcoin is mainly used for remittance payments as it is significantly cheaper and faster compared to services like Western Union and MoneyGram traditionally used. It is especially Nigerians who are using Bitcoin to make payments into the country. This is happening to such an extent that the Nigerian central bank is now paying citizens to use official channels for payments. The surge in Bitcoin transactions also occurred in other emerging markets last year like Latin America, India, and Southeast Asia. However, the problem with Bitcoin for this purpose is the extreme volatility . As a result, it is likely just a matter of time until citizens in emerging markets adopt stablecoins, especially for remittance payments.
New COTI update.. It'll explode !!Fundamentals are coming strong as usual for #cotibtc pair ! Adapay, visa debit card, new listing on Huobi and more events are coming in the few next days, which will lead coti's price literally to the moon sooner than you think .. Vertical chart is coming ... The opportunity to buy coti is still there, don't miss it ...
This is not a financial advice, do your own analysis !!!!!!!!!
ETHUSDT $1888 within 48 hours VISA moves to allow payment settlements using $USDC.
Its circulating supply and exchange holdings keep renewing at an all-time high every day.
Currently, $USDC is the second-largest stable coin after $USDT.
$ETH network might be used for Visa payment settlements under the brand name $USDC.
Im expecting massive accumulation on $ETH
Check my profile BIO
Anti-competitive allegation (boo) - $235+ target 2021 (yay)What a juicy entry into Visa.
I have worked closely with Visa, and these are some of the big points I think will work in their favour:
> Right where the stock was before the pandemic crash in March 2020. What?
> Olympic year -- Olympic years are good years for VISA as a TOP partner of the International Olympic Committee. Sure, we are a bit worried about how will the Olympics really look this year -- things seem a bit messy in Japan, but, if Japan can somehow get it together with the vaccines and protocol in time for the Games allowing some tourists in, this could be a good year with definitely stronger anticipated earnings for Sept/Oct earnings call.
> Travel and spend -- VISA's main revenue source isn't your domestic spend. Sure, the pandemic has perhaps even surprised VISA, as they reported positive earnings with online transactions and local spend -- but once those boarders open, the spend during international travel is where the bulk of the revenue will emerge from. I feel (and I could be wrong as who knows how safe management wants to play it) -- VISA will have fairly positive guidance during the May earnings report, which will be a big catalyst for the stock to jump and set all-time-high. If not then, I would still hold a position for 2021, because as things get better and people travel, they carry Visa in their pocket.
> Cryptos 'r' us + Dividend -- Few months ago VISA announced a Bitcoin based loyalty points program as a new product in select markets. VISA doesn't go "all in", but that's why I like VISA as a less risky yet growth-like stock. It can make strong moves upward, but, also keeps paying a tasty dividend.
I had de-risked by taking profits on VISA a few weeks ago. I did miss most of the rally we saw last week, but profit is profit and they still paid me the dividend. I have been looking for a re-entry when I felt the stock cools and a pattern becomes more obvious.
BUT WAIT...
While this dip is super tempting, I am not going all in just yet. VISA dropped so sharp on allegations of anticompetitive practices, as the department of justice investigates claims that VISA channeled transactions over their own (more expensive) networks for retailers, rather than giving them options to transfer through other networks (which is their legal right and possibly cheaper). What this means is that investors don't like the shock, and decided to take profits. What I will watch for is how the narrative develops over the coming week. If the market is generally recovering and the VISA news has no major follow up, great. If there is more news, we could even get down to $190s. I don't expect the stock to break that support.
Good luck traders!
Intelligent Systems [Target: $80] **Not investment advice, do your own research**
INS is a good value stock with great growth potential as the global volume of digital payment processing grows.
VISA. Ascending Triangle on Weekly. 3:1 RRR.NYSE:V is breaking a year long ascending triangle on the weekly time scale. Measuring by the height of the triangle, about $80, from the top of the triangle gives us a target of $296. This is 35% potential profit from the current price of $219.
Taking the recent swing low as a guide, we can set our stop loss at $189.
The triangle is not considered broken upwards until we see next week's candle trading above current week's candle, given that this week's close is above the triangle.
Unfortunately I can't give a time window for this move.
From a fundamental point of view, I suspect that Visa benefits from the Fed's increased interest rates. But I would need more research to understand precisely the magnitude of such effect.