V trade ideas
Visa / W1 : As high as the last dumb will be ready to pay !Hope this idea will inspire some of you !
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V NYSE: Reversal candle and trend changeNYSE:V
On my chart, you can see that my indicator NYA Sequential, based on Sequential TD, signals a downward movement, as shown by a doji candlestick, which opened with a space up. For a few more arguments, I attached a few more indicators, which absolutely also signal a downward movement. In addition, on the 1W chart there are absolutely identical signals of a downward movement, as on 1D.
Do not forget that I do not deal with financial recommendations. Here I publish my ideas, perhaps thoughts, but not recommendations for your deals. If you trade, do not forget about the stop order.
$V #Visa breaking long into new all-time highsWatching Visa complete a Cup & Handle formation as it prepares to break out into fresh highs for the stock. Breaking into new highs provides little resistance for price to run, other than fib extensions and pivots. The C&H pattern provides a measured move of $30 to a potential target of $180.
Visa (V) about to test previous highNYSE:V is hours away from retesting its October 1 2018 high of 151.
If the price manages to break above the previous high, this will indicate a recovery from the price drop in October and a continued upward trend.
If not, the price may drop back to its support level of 130.
$V is breaking the strong upside resistanceVisa is breaking above the strong upside resistance 145.50 level which is opening a further upside continuation into the 147 level and further upside.
Bitcoin vs VisaFunny thing about both of them is that they topped around 340B Dollars in market cap. Bitcoin did a 20x in 1 year, while visa did a 15x in ~9years.
To me they both went parabolic and then had a major bull trap. A massive bull trap pushing a lot higher making people believe it will go even higher. Could this be just a continuation of the rally? It very well could, but to me the global financial conditions don't make me feel very comfortable taking a long trade right now. As this market is heavily dependent on Central Banks it could continue a lot higher, but it is quite obvious that going long here is like going long Bitcoin near 15000$, so be careful.
VISA on my watchlistFrom doing all these analysis
looks like we have might have a bit of room for bullish rally until we really hit those dangerous sell off zones
Watching closely to see if it can do another bounce off 200MA
looking for bounce confirmation and violating of pivot line for a short daily swing
Broken Upper Channel Turns into SupportUpper Descending channel have been broken after a few tries, and going for a return move (finding back the upper channel line as a support).
Aggressive traders can wait till it bounces back on the upper channel, and long term buyers can start accumulating from here before adding more later once the price movement is confirmed.
Stochastics shows that it is currently oversold, prepare to add when stochastics <80.
Popped yesterday, consolidated, now moving out of bull flag $V is wandering up and out of this zone. Lookin bullish
Visa V Short-term one year daily chart
Resistance
Level 1 - $145
Level 2 - $155
Level 3 - $170
Support
Level 1 - $130 Mild Strength
Level 2 - $120 Moderate Strength
Level 3 - $110 Mild Strength
Level 4 - $90 Moderate Strength
NYSE:V
Long-term five year weekly chart:
Both charts show a similar pattern emerging.
VISA INC. (V): More Dips About To Come?Find Winning Trades In Seconds >> efcindicator.com (Special Discount)
The immersed crossing (white bar) indicated a strong bear flag, which was confirmed next. It seems that we have not yet reached the end of this correction.
