Crypto Crusader here with another analysis on blue chip stock "Visa"
Visa, just like other technology companies (FAANG) included, has had incredible earnings for a long period of time. With the recent stagnation in earnings, projected slowdowns in revenue, on top of the growing trade war, the tech sector is facing an important decision. I'll preface this analysis by stating how the "smart money" has already exited their positions maybe 4 - 6 months ago. Big money is already out of the tech sector, and even though I may be setting up this analysis with a bias interpretation, I believe these points that I have brought up, and will bring up, are critical to have a rational understanding of the situation at hand.
From a technical standpoint, this is my opinion, and should be used simply as an educational tool only, I am not liable for my "opinion here"
This analysis will be brief, a beautiful doji is forming on the monthly time-frame, as well as, the weekly time-frame. Doji's often represent a pivotal moment in any financial vehicle, symbolizing indecisiveness in the asset at hand. A hidden divergence is appearing on the "RSI", and a divergence is beginning to form on the "MACD", all indicators of some hefty volatility in near future. The rectangular bars are support zones I believe it will hit, and subsequently, will break and form lower lows.
May the trades be with you,
Crypto Crusader
Visa, just like other technology companies (FAANG) included, has had incredible earnings for a long period of time. With the recent stagnation in earnings, projected slowdowns in revenue, on top of the growing trade war, the tech sector is facing an important decision. I'll preface this analysis by stating how the "smart money" has already exited their positions maybe 4 - 6 months ago. Big money is already out of the tech sector, and even though I may be setting up this analysis with a bias interpretation, I believe these points that I have brought up, and will bring up, are critical to have a rational understanding of the situation at hand.
From a technical standpoint, this is my opinion, and should be used simply as an educational tool only, I am not liable for my "opinion here"
This analysis will be brief, a beautiful doji is forming on the monthly time-frame, as well as, the weekly time-frame. Doji's often represent a pivotal moment in any financial vehicle, symbolizing indecisiveness in the asset at hand. A hidden divergence is appearing on the "RSI", and a divergence is beginning to form on the "MACD", all indicators of some hefty volatility in near future. The rectangular bars are support zones I believe it will hit, and subsequently, will break and form lower lows.
May the trades be with you,
Crypto Crusader