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PayPal Holdings Inc.: wave analysis

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PayPal Holdings Inc.: wave analysis
Scenario
TimeframeWeekly
RecommendationBUY
Entry Point87.81
Take Profit95.50, 102.50
Stop Loss82.70
Key Levels67.35, 76.00, 82.70, 95.50, 102.50
Alternative scenario
RecommendationSELL STOP
Entry Point82.65
Take Profit76.00, 67.35
Stop Loss84.85
Key Levels67.35, 76.00, 82.70, 95.50, 102.50

Growth is possible.

On the daily chart, a downward correction of the higher level ended as the wave B, and the wave C started, within which the first wave (1) of C forms. Now, the third wave of the lower level 3 of (1) of C is developing, within which the wave v of 3 is forming. If the assumption is correct, the asset will grow to the area of 95.50–102.50. In this scenario, critical stop loss level is 82.70.

PayPal Holdings Inc.: wave analysis

PayPal Holdings Inc.: wave analysis

Main scenario

Long positions will become relevant above the level of 82.70 with the targets at 95.50–102.50. Implementation period: 7 days and more.

Alternative scenario

A breakout and the consolidation of the price below the level of 82.70 will let the asset go down to the area of 76.00–67.35.


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