Paypal’s 6 Day Down Streak Comes to an End

The Hourly View for Paypal

  • At the moment, PYPL’s price is down $-0.59 (-0.76%) from the hour prior.
  • It’s been a feast for bears operating on an hourly timeframe, as Paypal has now gone down 4 of the past 5 hours.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
  • The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Paypal’s hourly price chart is shown below.

PYPL

The Daily View for Paypal

  • At the moment, PYPL’s price is up $2.73 (3.67%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Paypal has now gone down 4 of the past 5 days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Paypal. Given that we see downtrend on the 20 and 10 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Below is a daily price chart of Paypal.

PYPL

Featured Paypal Idea From TradingView

Below is a trading comment entitled local trend resistance broken >.< you may find interesting:

PYPL fresh breakout past trend resistance, nice increase in buying volume as well. now we may see a rally to 82.41-87.69-93.97

Vibranium_Capital