PayPal Holdings Inc. (PYPL) Elliott Wave Analysis

This comprehensive Elliott Wave Analysis of PayPal Holdings Inc. (PYPL) examines both daily and 1-hour chart structures, emphasizing the current trends and possible future price movements. The focus remains on the progression of wave {v} and whether the anticipated resistance levels will be breached.

PayPal Holdings Inc. (PYPL) Elliott Wave Analysis - Trading Lounge Daily Chart

PYPL Elliott Wave Technical Analysis

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave {v} of C

Direction: Upside into wave {v}

Details: PYPL is currently progressing towards a potential ending diagonal in wave {v} as it nears the $90 resistance level. The equality of wave C relative to wave A has already been surpassed, opening up the possibility that the movement may be part of wave 3 within a larger impulsive structure instead of an ending diagonal.

Daily Chart Insights

PayPal Holdings Inc. (PYPL) is advancing within wave {v} of wave C, potentially forming an ending diagonal as it approaches a critical resistance level near $90. The equality between wave C and wave A has been exceeded, which suggests that this move may belong to wave 3 within a broader impulsive pattern rather than an ending diagonal. This analysis emphasizes whether PYPL will finalize this motive structure or begin a more extended bullish trajectory.

PayPal Holdings Inc. (PYPL)  Elliott Wave Analysis - Trading Lounge 1H Chart

PYPL Elliott Wave Technical Analysis

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave (iii) of {v}

Direction: Upside in wave (iii)

Details: The 1-hour chart highlights a potential continuation of the bullish momentum in wave {v} towards the next resistance at TradingLevel1, located at $100. The current focus is on further upside within wave (iii).

1H Chart Insights

In the 1-hour timeframe, PYPL appears to be advancing in wave (iii) of {v}, signaling further upward momentum. The price is projected to target TradingLevel1 at $100, driven by a continuation of wave (iii) within the broader wave {v} structure. This suggests a robust upside potential in the short term, reinforcing a bullish outlook.

Technical Analyst: Alessio Barretta

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See Previous: Palo Alto Networks Inc., (PANW) Elliott Wave Technical Analysis 

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