PYPL - Charts That Make You Go Hmm 🤔
Updated
PYPL appears to be base jumping here in complete free fall since the 200WMA fakeout. This is a new trend so RSI readings can be deceiving and is currently a razor sharp falling knife.
The acceleration suggests the next bounce or bottom is still a way off. It will probably get to the 0.618 @ $73 at least but with a little more patience and less FOMO I think it will see $55.
Not advice.
The acceleration suggests the next bounce or bottom is still a way off. It will probably get to the 0.618 @ $73 at least but with a little more patience and less FOMO I think it will see $55.
Not advice.
Note
First target $73 hit.
We're into the post FED interest rate cut blow off phase for risk on markets🥳.
I have many great deep value opportunities ❕
Many Trade Ideas Every Day 📈
Regular videos ✨.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
I have many great deep value opportunities ❕
Many Trade Ideas Every Day 📈
Regular videos ✨.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.