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Paypal has been early adopter in bitcoin and profited pretty well so far. It may have already reversed or it may hit my buy zone but it may be getting close to the bottom as it approaches 21W MA. Not financial advice. DYOR
The market has been volatile to say the least. I am waiting to be sure C is C There is also a possible triple bottom but the bottom is not always the bottom. Also a possible head and shoulders. The shoulders are not too far under the head though so the structure is not large. It does look like this could fall a little bit more, but who knows? Not a recommendation.
Paypal is showing very solid quarterly earnings and the future for this company looks very promising. However, what matters to us as short-term traders is to be in the right place at the right time. The pattern looks very well. I am expecting for a fill of the GAP at $262 before the price moves higher. Anyway, the price can move also from where it is...
PYPL testing an important support, we could see the correction continue and present a great buying opportunity between $175 - $210.
Closest support standing at 225.74, looks like Paypal wants to drop there to find some strength for a rise. With the current market crash, Dropping MACD and getting closer to its CCI Support point, Paypal possibly will drop more.
Not a lot to say about this name. It speaks for itself. Pulled back to the 50 day and then broke out on earnings.
After testing heavily the support the last days, Paypal now seems to trend up to 300$ and ATH again.
Paypal breaks the Bull Flag since the Covid-19 V-shaped recovery, and has now huge upside potential. On the Weekly already, we could see the nice EQ zone between 215 & 175 forming, another rejection at the tops & subsequent break would've been preferable, but it's ok. As long as the bulls can keep the momentum now, we are looking 240 and potentially...
Paypal has been trading within this long term channel for quite some time, Paypal just bounced off of an inner channel support line creating a Double Bottome Pattern. PYPL is looking quite bullish short term, we can expect PYPL to reach these price targets of the Trend Based Fibonacci Extension.
Today MACD singal for a new long, so it would also be a good day for start a new investment. I am already invested and looking forward for upward moves to come again the profit zone.
What a rout we had last week, a good reminder to stick to our stop losses! Despite a sharp fall, PYPL isn't bearish yet. For the past few days it danced within a zone of supports (250-257), namely the 50 day Moving Average @ 250, 61% fib retracement @ 257 and a minor horizontal resistence turned support 254.4. Adding to that, a bullish divergence between price...
PYPL reached ATH, but if the trends should stay healthy, we should go through some price correction. I know it is a good STOCK with significant potential. The price is going higher because of the covid situation and payouts for freelancers, but I am selling now, and I am gonna wait to buy again for a better price. The growth of profit has already been included...
PAYPAL Trading Plan 1. (Green) Going Up until Resistance at point 254.39, then bounching down 2. (White) Green goes through soft resistance, until Gan Fan Area 3. (Black) Going Down until Strong Support at point 225.00, then bounce up. We can see that the last position was it going up after it bounced by a strong support. and in my opinion, the green arrow is...
PayPal shares possible bull move to 270
personally, i think with the strong support zone being broke and the acceptance of crypto into paypal, about time to fly