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
Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here
See Previous: Palo Alto Networks Inc., (PANW) Elliott Wave Technical Analysis
VALUE Offer - Buy 1 Month & Get 3 Months!Click here
Access 7 Analysts Over 200 Markets Covered. Chat Room With Support
