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Mastercard

ALGO Bullish Trend and "Future of Global Payments" Report updateShwatup doe! Hope you are healthy, wealthy and blessed! Here we take a closer look at ALGOUSD on the 4 hour chart! ALGO has been ranging between $.36 and .47 over the past few days; gaining strong support at $0.38 and at the current level of .3950 Volume and Money Flow have been increasing dramatically... If .47 is broken, we could see a quick move to the $.53 area, but we need to hold $.43 as support. I am bullish short term and long term, but cautious at this point as Bitcoin is in uncharted territory and the correlation is obvious. DCA (Dollar Cost Averaging): Look at fib levels for entry points at support and buy any dips at these levels. As price moves up and resistance becomes support, act accordingly. Use stop loss and take profit at resistance zones, and watch for breakouts that come back to test previous resistance as new support for entry signal as you don’t want to miss the move up! I think a great entry is anything between .36 and .40 and a good entry is anything at or below .43 for the current price action, with stop loss just below support at .36 as to not get stopped out and miss the next move up! But that’s just my opinion. Possible short term bearish scenario: If $.47 cannot be broken on the next go at it and if we cannot hold the $.43 as support, AND If btc corrects and money doesn’t flow into Alts but Instead into fiat (which doesn’t really make sense to me because the US dollar is increasing in supply as I have already received my stimulus check as many of you have), it is possible that btc will take the whole market for a correction. And as for “The Future of Global Payments” report, here is the link to download the 64 page report from ALGOrand.com —- info.algorand.com This report from the DMI (Digital Monetary Institute) and OMFIF - (the Official Monetary and Financial Institutions Forum) , contains contributions from Algorand, who’s name and logo appears next to the likes of contributors: MasterCard, Citibank, PayPal, GrabPay, Swift, and more. Notable quotes written by Steve Kokinos, chief executive officer of algorand: "THE economy functions on complex systems that present challenges and opportunities when it comes to payment services for consumers, businesses, governments and financial markets. Legacy financial systems do not have the efficiency, trust or accessibility needed to advance global payments. Blockchains solve this by bringing trust to otherwise untrusted systems. (...) Implementing trust through legacy methods and available technology is simply not feasible. The path to generating trust is through programmable systems and programmable money, or real money that is represented digitally. (...) Blockchain offers a completely different way to organise and manage payments systems. It provides real-time, cross-border payments worldwide – and even new ways to store value. A platform like Algorand, paired with fintech’s latest developments and simplified developer toolkits, has the potential to take the lead in the race for payments innovation." Thanks for reading and thanks for your support! As always do your own research, I am not a financial advisor and this is not financial advice and ONE Love ❤️
KRAKEN:ALGOUSDLong
by DharmaCat_Pro
7
Clear bullish Strenght on the Market / MASTERCARDLet's see why we expect more bullish pressure coming on the market based on technical items. a) The price made a new ATH in September 2020, and after that, we observed a Massive Corrective structure. (This type of structures can tell us about the Accumulation process going on) b) In November, we observed a breakout of the Massive corrective structure c) Now, after a month of the breakout, we can see a minor corrective structure on the edge of the previous one d) Based on the current levels and structures, we expect a continuation of the bullish movement IF the price breaks above 354 (Above the previous All-time high) e) Our Targets are 375.98 as the first level and 402.18 as the second level. f) IF the price goes in the expected direction, we will wait for a 50 days resolution.
NYSE:MALong
by ThinkingAntsOk
1
MA (MASTERCARD INCORPORATED) LONG SET UP (EARNINGS)TITLE/(DATE)- Buy LIMIT MA ASSET- MA PLATFORM- MT4 ORDER TYPE- Market first entry / Buy limit second Time Frame- 1D ENTRY PRICE 1- $314.50 (Market) ENTRY 2- $307.50 (Pending) STOP LOSS- $300.50 (140 PIPs) TAKE PROFIT 1- $328.50 (140 PIPS) TAKE PROFIT 2- $342.50 (280PIPS) TAKE PROFIT 3- $356.50 (420 PIPS) TAKE PROFIT 4- $370.50 (560 PIPS) STATUS: ACTIVE Aug-27-20 Initiated Mizuho Buy $400 Jul-21-20 Resumed Daiwa Securities Neutral $314 Jul-14-20 Initiated Goldman Buy $364
NYSE:MALong
by MavRich_Trading
1
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.
NYSE:MALong
by we_axolotl
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.
NYSE:MALong
by XForceGlobal