Visalong
VISA approaching support, potential for a bounce!
VISA is expected to drop to 1st support at 168.40 where it could potentially react off and up to 1st resistance at 186.90.
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Losses can exceed the initial investment so please ensure you fully
understand the risks.
VISA Long (Naked Call)
Visa has been in a strong channel up since December 2018.We broke new highs on March 11, 2019 and have since been grinding higher into uncharted territory. The most recent bull flag formed around July 2, 2019.
I am bullish on Visa and expect to see much higher prices in the coming months.
Aside from the clear technical trend, Visa has shown clear signs of being a strong mainstream crypto contender. WIth B2B Connect set for commercial launch later this year, Visa is uniquely positioned to thrive in the crypto space.
Another daily candle closing above the $179 I am watching for entry.