After a strong bull run for more than 12 months (May 2020 - July 2021), 
PYPL has been trending lower. It has respected trendline resistance very well and continued making lower highs and lower lows. Bearish momentum seems to have slowed down and price doesn't seem to go any lower. It has reached the long term support level of 73. It is also forming falling wedge pattern. A falling wedge in a downtrend is considered a potential trend reversal pattern. If price succeeds in closing above trendline resistance with good volume, We could see bullish reversal with target #1 at 123. If it succeeds in breaking that level too, then we could see it go to 175 (target #2).
Views are invalidated if price closes below 73.
PYPL has been trending lower. It has respected trendline resistance very well and continued making lower highs and lower lows. Bearish momentum seems to have slowed down and price doesn't seem to go any lower. It has reached the long term support level of 73. It is also forming falling wedge pattern. A falling wedge in a downtrend is considered a potential trend reversal pattern. If price succeeds in closing above trendline resistance with good volume, We could see bullish reversal with target #1 at 123. If it succeeds in breaking that level too, then we could see it go to 175 (target #2).Views are invalidated if price closes below 73.
註釋
Price did another pullback to 70-73 level and bounced back. A significant buying volume is seen from this long tern support. It is forming another falling wedge on daily with a bullish RSI divergence.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。