PYPL has formed a falling wedge pattern, suggesting a potential bullish breakout. We're currently awaiting confirmation from the price. As long as the price stays above the highlighted support, there's anticipation for a bullish reversal, considering previous price actions.
- Can be seen on weekly and monthly charts
- Price out of the bearish channel
- RSI agreeing with price
- Volume higher on price bumps
- EMA 50,100,150 following price - changing direction
NASDAQ:PYPL Clearly seems to have a lid on the upper end near $68. However, looking at the chart we have a series of Higher Lows beginning in February. There is a good chance that it will have a move to retest the $68 area. All TBD. I have an alert set just over yesterday’s high of $64.43. Should that trigger, I will open a position with a very tight stop just...
I love this stock for a long term play and there's a good setup here on the shorter term time frames as well. I expect this stock to be among the strongest if the market continues to rally.
Former PayPal ( NASDAQ:PYPL ) Chief David Marcus has predicted that Bitcoin Lightning Network will become the world's most widely used payment network. Marcus believes Bitcoin ( CRYPTOCAP:BTC ) is a neutral platform ideal for transactions, making it a prime candidate for integration into daily financial operations. The Lightning Network, an overlay on the Bitcoin...
To be honest I am not as bullish biased as this project suggests with the succession of higher rectangles ending with the top bigger one, as I find this scenario if not unlikely at least less probable, but I still find the overall potential for this matrix a little intriguing especially if this longer rectangle in this starting position provides some decent follow...
Not buying today despite the discount because a gradual downtrend has formed. As long as that pattern holds, it will continue to make lower highs and lower lows over time (doesn't sound fun). That said, if it can eventually break out of the downtrend (which is currently running next to the 50-week EMA), I would consider starting a position (even though it would...
There are multiple ways to count the move up, I have two different possibilities on the chart. Either way, I think at this points it's enough to assume that was an impulse. On the correction side I propose a Zigzag, with the C wave as a contracting diagonale, that is missing the C-wave of the wave 5.
The volume profile shows very little volume between 55 and...
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Hello friends
Following the previous analysis (be sure to refer to the previous analysis and if you are not following my page, be sure to follow it)
We expected the growth of PayPal's share in most of the 5th wave.
Currently, wave 1, 2, 3, and 4 of wave 5 have been completed, and wave 5 is left from 5.
We expect the growth of the share price to about 72 and maybe...
PYPL net buying has been continuously active this past few days.
Position takers are back after the stock touch a major order block support at 60 levels -- and touching 1.0 FIB levels.
Initial target is at 75.0.
The current price is already at a very discounted levels factoring in last quarter's (June 2023) rosy earnings report with revenues up by 7% at $7B,...
