Details: Looking for upside into what appears to be the last leg of Intermediate wave (1). As we keep trading above 300$ we could expect further upside towards Medium Level at 400$.

V Elliott Wave technical analysis – Daily chart

Visa is likely in the process of completing wave {ii} of the larger wave 5. After this corrective phase, we expect the uptrend to resume, leading to further upside within wave 5. Trading above $300 indicates that there is potential for more gains, with the next major target at MediumLevel 400. As long as the price remains supported above this $300 level, the bullish outlook remains intact.

V Elliott Wave technical analysis

Function: Trend.

Mode: Impulsive.

Strucutre: Motive.

Position: Wave {ii} of 5.

Direction: Bottom in wave (c) of {ii}.

Details: Looking for a bottom in wave (c) as we seem to have reached equality of (c) vs. (a) at 310$. Looking for confirmation higher with tested support on top of 320$.

V Elliott Wave technical analysis – One-hour chart

On the 1-hour chart, Visa appears to be bottoming in wave (c) of {ii}, as it has reached equality between (c) and (a) at around $310. We are looking for signs of a bullish reversal, with a key confirmation point if the price tests and holds support above $320. Once support is confirmed, the uptrend in wave 5 is likely to resume.

This analysis of Visa Inc., (V) focuses on both the daily and 1-hour charts, using the Elliott Wave Theory to assess current market trends and forecast future price movements.

Visa Inc. (V) Elliott Wave technical analysis [Video]

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

EUR/USD extends its optimism past 1.1900

EUR/USD retains a firm underlying bid, surpassing the 1.1900 mark as the NA session draws to a close on Monday. The pair’s persistent uptrend comes as the US Dollar remains on the defensive, with traders staying cautious ahead of upcoming US NFP prints and CPI data.

GBP/USD tilts bullish as markets barrel toward mid-week NFP print

GBP/USD is holding a broader bullish structure on the daily chart, with price trading well above the 50 Exponential Moving Average at 1.3507 and the 200 EMA at 1.3310, confirming the intermediate uptrend that has been in place since the November 2025 low near 1.2300.

Gold pushes back above $5,000

The daily chart shows spot Gold in a parabolic uptrend that accelerated sharply from the $4,600 area in late January, printing a record high at $5,598.25 before a violent reversal erased nearly $1,000 in value during the final days of the month.

Litecoin eyes $50 as heavy losses weigh on investors

Following a strong downtrend across the crypto market over the past week, Litecoin holders are under immense pressure. The Bitcoin fork has trimmed about $1.81 billion from its market capitalization since the beginning of the year, sending it below the top 20 cryptos by market cap.

Japanese PM Takaichi nabs unprecedented victory – US data eyed this week

I do not think I would be exaggerating to say that Japanese Prime Minister Sanae Takaichi’s snap general election gamble paid off over the weekend – and then some. This secured the Liberal Democratic Party (LDP) an unprecedented mandate just three months into her tenure.

Ripple exposed to volatility amid low retail interest, modest fund inflows

Ripple (XRP) is extending its intraday decline to around $1.40 at the time of writing on Monday amid growing pressure from the retail market and risk-off sentiment that continues to keep investors on the sidelines.