Welcome to my new analysis about PYPL on several timeframe perspectives. Since PYPL formed the boom highs it showed up with a massive bearish price-action to the downside dumping over 80% and liquidating over 400 Billion long positions. Now, a huge consideration is if this PYPL bear-market dump is going to continue and accelerate further bear market price-action momentum spikes towards the downside. PYPL since August already moved on with the next dump towards the downside on the local term firstly, this can accelerate on the global term also.
PYPL is now forming this ever so crucial bear-flag on the local 4-hour timeframe perspective with the initial wave A that already setup and now PYPL is forming the next ascending-wedge within this local wave-count. This means once the wave B has formed with the completion of the local ascending-wedge it will accelerate bearish dynamics and move forward with the wave C to dump the next 25% firstly on the local term. A continued CBDC implementation acceleration and the potential for a gold-back currency to emerge are likely to increase bearish scenarios for PYPL.
Especially, on the global term PYPL is building a much larger formation here which is actually a head-shoulder-formation. With the right shoulder and head already being completed and now with a likely dump that is going to setup next this will accelerate the bearish price-dynamics and continue with the completion of the right shoulder to complete the whole head-shoulder-formation. If this scenario shows up it will accelerate the massive bearish long liquidations to another 80% bearish price-action and 500 Billion long-liquidations towards the downside.
The next times will be highly crucial for PYPL as they are going to show the importance of the wave-count on the local that is also likely to accelerate the dynamics on the global as well. If a gold-backed currency implementation is going to start within the next times this is also going to increase bearishness for PYPL. Therefore, it will be a highly important dynamic to watch out as the dynamics shifting into a more CBDC and gold-backed currency market condition it can turn out as a huge signal in PYPL to consider. In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated.
VP
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ANALYSIS UPDATE: If a similar supply-increase like the one seen before the -25% drop that set-up at 1St of August should emerge in the next times the possibility of the bearish ascending-wedge completion and setup of the significant wave-C to drop below the 50 level is going to be raised to overwhelmingly high levels.
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NEWS UPDATE: A continued implementation of the gold-backed currency-system is going to manufacture the next major supply-rally in PYPL as less volume is processed in non-gold backed money transfer facilities.
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ANALYSIS UPDATE: PYPL accelerated with heavy bearish momentum volume to emerge with the wave-C extension and form severe bearish lower lows.
PYPL is setting up the next -25% Dump with a -100 Billion Positions Liquidation Indication.
It's not a h&S pattern; the measured move would take it to -250$. Not happening. It's a falling/descending wedge and those usually end with a major breakout....look at roku Amazon apple n all the others that had similar pattern at the lows b4 they took off. Can see the bullish divergence forming for months now. To be more bearish at the lows is just illogical, it's greed and being a cheapo. 64Billion market cap. This ain't silvergate capital and they aren't covered by FDIC. New CEO. XLF took a dump. Local bottom is close. What you trynna do, short it to $0.00?? At 300, yelling for higher, that was greed. At 57$ yelling for lower, same level of greed.
CryptoHolix
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It's not gunna break 50$ in 2023. Already dumped Blackrock vanguard statestreet n bunch others loaded up on paypal past few months shown in June 30 filings Bullish divergence forming from multi-months. Local bottom is close. It's gunna take out late shorts 70-80 easy. 90-110 main targets. At the bloody lows is where we LOVE to turn bullish. 64Billion market cap isn't gunna just keep going straight down. Blood bath party is nearly over, close your short n start buying the boody lows. Square and PayPal. New CEO. XLF making pullback.
Carl2021111
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bullish next month
CryptoHolix
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@Carl2021111, next month has arrived.... very soon
Gassem_futures
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Good analysis we need just a seller's volume.
VincePrince
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@Gassem_futures, Thank you! Seller´s volume is going to fuel the bearish price-action.