PYPL potential start of a new uptrend

18 hours ago

Price may have completed its correction from the July highs and started the first wave of a new uptrend.

As long as the price continues to trade above 65, I expect upside momentum to persist toward the 80 resistance level, likely followed by a period of consolidation and base-building before a more sustainable breakout attempt in the coming months.

Chart:


Previously:
On mid-term resistance (Jul 24):
Chart:
https://www.tradingview.com/symbols/NASDAQ-PYPL/minds/?mind=jRHs2WnsT-KKYsK2axwWrA

and (Jul 30):
Chart:
https://www.tradingview.com/symbols/NASDAQ-PYPL/minds/?mind=jRHs2WnsT-KKYsK2axwWrA

On potential bottom (Sep 18):
Chart:
https://www.tradingview.com/symbols/NASDAQ-PYPL/minds/?mind=vYlkg1BES3CkGkgzMS7vyA

5 hours ago

Trade closed: target reached

Boom. PayPal x OpenAI news and price hit the next target resistance zone at $80, right in line with the prior outlook.

Given the strong catalyst and price structure potential, this setup might develop well as a delayed reaction long, if we see 1–3 days of low-volume pullback into the 77–75 area for potential re-entry or continuation setup. For now, though, the next resistance target from the original idea has already been reached.

Chart (pre-market data):