We can clearly see that PYPL found a support at 50.32$ (green line)
Honestly, if looking on W chart, of course 1st what we can notice that the index is super oversold. But, what pays my attention is that High probably that it will be really a good price zone to buy. It reminds me somehow about Meta when it dropped till 86 - 89$ and then you can see now its around 300$
Just keep in mind, as long as the index stands above Green Zone that I highlighted on the chart, the chances for a good bounce will increase.
PYPL is a good company with good perspectives.
But let me continue with Technical part.
Important to see a breakout above that fray resistance line and see that the price is moving towards to its 1st strong resistance line at 66.34$, where is 4 W FVG level.
Personally think that it will manage to break through that price. And after that will bounce until 92.07$ price level where we can expect some correction. (n.1)
For the continuation of the uptrend of course we should see the D or W close at around 92-95$, only after that the price can be pushed higher. (N.2)
Also I have higher resistance zones where I will recommend to pay extra attention. And its 182 - 190$ price zone.
Honestly, if looking on W chart, of course 1st what we can notice that the index is super oversold. But, what pays my attention is that High probably that it will be really a good price zone to buy. It reminds me somehow about Meta when it dropped till 86 - 89$ and then you can see now its around 300$
Just keep in mind, as long as the index stands above Green Zone that I highlighted on the chart, the chances for a good bounce will increase.
PYPL is a good company with good perspectives.
But let me continue with Technical part.
Important to see a breakout above that fray resistance line and see that the price is moving towards to its 1st strong resistance line at 66.34$, where is 4 W FVG level.
Personally think that it will manage to break through that price. And after that will bounce until 92.07$ price level where we can expect some correction. (n.1)
For the continuation of the uptrend of course we should see the D or W close at around 92-95$, only after that the price can be pushed higher. (N.2)
Also I have higher resistance zones where I will recommend to pay extra attention. And its 182 - 190$ price zone.