Mastercard
Mastercard $MA Mastercard is close to buying point of $310.43. Forming a double bottom, to confirm needs to get above the buy point.
12 months Consensus Price Target: $326.85
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Long MAKeep your trading simple
Bullish Long Term
T1 = minimum risk reward 1:1
I always leave 1/3 of my position for long term gains - moving my stop to my entry if I need to give room for the volatility or using trailing stop for maximum gains.
Not a financial advise - trade smart trade safe.
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MA NEXT DAYS/WEEKS ANALYSIS - Counter thrend-next breakoutDAILY CHART
As ween can see in the daily chart , the Mastercard stock until the end of March was in a strong downtrend. Around end of March it has a double bottom (As Visa stock) and then began a new uptrend. We can say it is going for uptrend cause the Lower High around $260 was broken,and now as we can see the price is retesting that previous resistance that now is a new support.
We saw the price retrace at 0.618 fib level and now, it was consolidating for some period and after breaking the descending channel it went around 280$ and formed a double top (?) .
Scenarios
Maybe the price will retrace a little bit to test some previous supports and bounces back to retrace higher possible in the 1,27 or 1.618 fib extencion level that also around there is a strong resistance from previous months at around 320$.
This is just my opinion not a financial or trading advice.
Mastercard: A Technical Approach 1D (May 06)X Force Global Analysis:
In this analysis, we take a purely technical approach in analyzing Mastercard (MA)
Analysis
- The first thing we notice is the fact that Mastercard is in the process of a "V" shape recovery, just as many other blue chip stocks
- We have broken through and closed above two major descending trend line resistances
- There is a price gap around $340
- We are currently trading within an ascending channel, creating higher lows and higher highs
- Prices have broken through and closed above the Ichimoku Cloud resistance
- The EMA (Exponential Moving Average) Ribbon cross generally signals mid-term trend reversals
- In the case of Mastercard, we see that a death cross has formed on the EMA ribbon before a big drop, and we are currently looking at a potential golden cross
- The Relative Strength Index (RSI) is showing an uptrend as well, creating higher lows and higher highs
- The Moving Average Convergence Divergence (MACD) is also at an uptrend, forming higher lows and higher highs after a golden cross
What We Believe
We believe that Mastercard's technicals remain solid, as we have broken through many significant resistance levels while maintaining the bullish trend. Moreover, there is a lot of strength and momentum to support this ongoing bullish trend, potentially moving up to fill in the price gap around $340.
Trade Safe.
MASTERCARD (MA) BEARISH FORECAST
after a bullish breakout of the key weekly/daily level,
it looks like bears are still willing to push and the breakout might turn to be false.
look at this triple top pattern on 1h with two lower highs,
then break out of minor support and retest with a bearish reaction...
looks like stock will drop lower.
initial target is 230!
good luck!
MASTERCARD - LONG with DISCOUNT!Hello traders,
I am going to analyze the Mastercard market ( NYSE:MA ), where I entered trade yesterday.
My intended entry point was too far from the zone, so I had to w8 for a pullback.
That happened yesterday and we could enter the trade with a DISCOUNT.
Sometimes setup is very good, but Price Action does not allow to enter the trade. Never mind, we have another 2000 markets that we monitor, so there is always some entry ;).
Have a good trading
FINEIGHT team
Icon's icx will blow up! Yesterday's top is tomorrow's bottomMoore's law has tought us that historic evolutionary patterns are happening 10 times faster after each new technological or scientific breakthrough when it hits the mainstream public worldwide. This breakthrough is then followed by a parabolic and very bubbly event, only to face a dozens month old bloody correction, while finally allowing the new market to mature as it becomes adopted and globally regulated. The end result causes yesterday's all time highs to become tomorrow's new bottoms. But what history has shown is that only a few select will rank above everything else and this will only take place when the potential promise of a strong vision is fulfilled on a global scale changing humanity's habits in a way we never thought possible.
The last time a transition like the one I'm describing above happened was between 1984 and 2020. This has been a time of great change that started when Nasdaq introduced the internet to the world as early as the 1980s. When the Soviet Union was falling and the Berlin wall fell a new world was being reshaped thanks to the start of the internet era. These highlights preceded another historic event 2 decades later. Of course, we've all heard about 9/11 and how it paralized the entire world in 2001. After the dust settled, it took the internet market almost 6 years to hit the peak of a sucker's relief rally and mark the end of the dotcom bubble burst. The parabolic unexpected rise that the internet bubble displayed the first time, was something that is still unbelievable to this day. Even though denial and disbelief are a thing of the past, we can still wonder what those so called experts have to say today when asked if our computer pundits lacked all common sense back in the day? Well look at how unimaginably far "electronic wonderland" has come. The internet did indeed replace traditional systems used by banks and governments in the 1990s. Now another global event is about to close a chapter that started as early as 2008 when the global recession took place. We're seeing one after another industrial revolution, each time happening exponentially faster and in a more impactful way than the previous one. The world is being taken by storm yet again, as cryptocurrencies more than outperformed in the last quarter of 2017 and in the early days of 2018. In contrast and just like the dotcom bubble peak back in 2001, both astonishing events preceded a very bloody correction in the 2 years that followed. Both events witnessed by today's freelancer and entrepreneurial millenials, saw Nasdaq find the true bottom around the fourth quarter of 2002 followed by a crystal clear relief sucker's rally that lasted 6 years up until 2007 soon ensued by a higher bottom to spike a much much bigger rally that continues today.
Now that the cryptocurrency market is maturing, we can see history in the making as bitcoin did indeed reach a massive technological breakthrough at the end of 2017 followed by a 2 year bloody correction. This time though, moore's law didn't disappoint as the bitcoin market printed a 6 month sucker's relief rally ensued by a higher bottom just a few short months later, signaling the end of the bear market and hinting at another meteoric, more progressive but healthier bullrun between now and 2030, if not earlier.
As thousands of internet startups went bankrupt after 2001 and few of them started recovering from 99% losses, Amazon, tesla, google, microsoft and facebook just to name a few have prospered immensely from that moment onwards, and in what an outstanding way!
So, if 2020 is a strong indicator of what's to come in this exciting brave new orwellian and huxle'y's world, there's a big green light that the cryptocurrency and blockchain market is going to shock the world 10 times faster than the internet 2.0 market has to date!
As you can already see Nasdaq is nearing bubble levels again, there are internet stocks that have not just recovered to 2001's all time highs after losing 99% of their value, but have reached new gains ranging from 33,000% to 100,000% gains since then with the big internet giants leading the way and Tesla surprising the most.
If 99% of altcoins do and will eventually die out, I have absolutely no doubt one under the radar startup that's become the bridge to leverage the smart cities and connected cities of tomorrow bridged by blockchain technology that's run on Central Bank Digitally Based currencies and X-road replicas, is going to absolutely excel more than anyone can imagine. I very strongly believe, a startup based in Samsung's Seoul city, at the heart of a breathtaking and modern South Korea, neighbour to Tokyo, Hong Kong, Singapore and Shenzhen, while indexed on techcrunch's database over at crunchbase, called: Iconloop,
is amongst that narrowed list of the top 1% baby companies that will become a behemoth to witness this decade.
There is a very real possibility that we will see Icon foundation's token price with symbol ICX hit anywhere from 1 to 2 dollars in the first quarter of this year and 3 to 5 dollars throughout 2020, and anywhere from 50 to 60 dollars by 2030, if not before that.
In conclusion: Yesterday's top is tomorrow's bottom.
ICX/USDT Iconloop is hitting $3 in April 2020, and $60 in 20302020.02.02 is the the first global palindrome day in 909 years. This date was chosen to introduce a theme that now resounds globally due to climate change and other governmental challenges that developed cities and emerging economies face on a wide scale:
At the start of 2020 We Celebrate the past, and create the future. We are ready to embrace Smart Cities, Connected Cities by Hyperconnecting the world.
As I write this post, ICX is up more than 350% in only 30 days! Why? It has a sudden skyrocketted 24 hour volume of 420 million and is now number 33 on coinmarketcap.
As I did a thorough research on what exactly is iconloop blockchain and who are behind it I was completely mindblown to the smithereens.
Iconloop blockchain has received open government support, vc funding and has been approved by South Korean FSC for some time now. It also has wide support from some of the largest Korean banks and the United Nations to continue presenting South Korea's capital Soul city the best example of a Hyperconnected Smart City.
The chronological milestones that connect the dots back to iconloop and icon foundation are a real jaw dropping experience. People are quickly realizing who is really behind iconloop and how price will catch on with the list of developments achieved so far, despite the fact that iconloop and icon foundation are only 4 years old. This recent price action suggests the genie is finally out of the lamp, YES!
The sleeping giant is waking up as it takes the world by storm!
Over the past 2 years alone, ICON has Partnered with a myriad of companies , to connect the largest Korean bank records, health history, higher education credentials , transportation services, authentification requirements mandated by local governments.
Thanks to Iconloop and Samsung's dpass, citizens can have a new digital identification through Samsung Pay and Idemia that's already already being used is one of many Samsung subsidiaries working towards the same cooperative vision of interconnecting the world and is being implemented by a growing number of countries worldwide, the largest korean banks also use iconloop's technology to connect smart citizens to bank records including SBI .
Colombia is an example of a progressive country in an emerging economy Colombia 's, who had been seeking a way to replicate x-roads model of interoperability . In this case, they had waited for a solution like iconloop not available to the world for many years, 8 years later after updating their public transportation system with the help of Korean banks and Seoul government , they've finally announced a digital id system is on the way to continue of a cashless society, and of course they are not the only ones racing to get there.
South Korea's first Central Bank Digital Currency bridged through iconloop called S-Coin will release this same year!
South Korea’s ministry of science and technology has plans to invest 450 billion won (~$382 million) for blockchain research and development in the next 4 years.
Yahoo finance and crunchbase reported the startup with 100+ employees has recently received more than 8 million dollars in funding out of an announced 382 million destined to the same set of solutions offered by iconloop.
The list of commercial partnerships keeps growing at a skyrocketting pace!
Forbes writing about an Invisible ‘Global Currency’ That’s 24 Times Bigger Than Bitcoin hinting at Mastercard, Visa who resound the global vision of Samsung called Digitally Connected Smart Cities. Mastercard and Visa brochures promoting a cashless world with efficient transportation systems like the one mastered by Seoul while featuring internationally awarded and a recognized former Mayor of Bogotá. Bogotá is one of many cities that accepted a total of 176 million dollars from LG CNS , a Korean services company and subsidiary of the LG Group, confirming their responsibility for providing the most advanced information technology solutions of its kind to Recaudo Bogota, representing Korea’s largest ever information-technology services export as iconloop continues leveraging the technology implemented in Seoul’s public transport system to develop a custom solution for smart cities, hyper connected cities by 2030. Their plan is to meet modern cities fare collection, fleet management, and user-information needs.
Korean banks backing mobility and transportation hyper connected smart city solutions since the Millenium, like for instance Bogotá transit system backed by Smart Cities confirming they are looking to integrate iconloop blockchain technology developed at the heart of Samsung's Seoul city.
By connecting the dots, you soon realize why iconloop will be worth billions of dollars by 2030, that puts the value of each icx utility token in circulation to about 60 dollars a piece.
This is THE best investment that can truly change your life. Project price by December of 2021, 12 dollars! This year it will hit 3 dollars! Current price? less than 50 cents.
A true gem.
#Tokio2020 #iconloop #samsung #visa #mastercard #lggroup #cashless #smartcities #seoul #korea #iconproject $icx #japan
MA- rock solidNYSE:MA
MasterCard is a credit card company that operates a global payment processing network connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories.
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Mastercard looks good on the charts. While it has had a great run and bulls have been on a roll, its getting close to the overbought zone.
I have rolled out on the charts various important levels on the charts that may be important levels for future support/ resistances to look out for in the future
Since Mastercard is at all-time highs, we need to look for signs of exhaustion or change of uptrend, if any.
From our our perpesctive, we need to see that our trendline is respected (represented by the blue line. Also, prices should find support at 2 identified levels in 2020. These are $ 316.18 and $309.47
A close below these levels may warrant us to relook at the charts, else all should be well
We will relook at charts regularly to see how this pays off
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MA in unchartered territoryMA has moved strongly as visible in the charts, creating some turbulence with downward pressure in the recent past but inching forward towards the 300$ mark.
I thin there is more steam in the stock and we have strong supports in place, at least 3 levels as identified on the charts.
I would have a target of 315-320 on the upside, but will buy at various supports identified on chart and reduce my holding costs
Chart is self explanatory, happy to address any queries
If you like what you see, please share a thumbs up!
Cheers