30Jan

PayPal Holdings Inc. (PYPL) Elliott Wave Analysis: Offering Insights into Stock Forecast, Trends & Stock Support and Resistance

PYPL Elliott Wave  Technical Analysis: Future Price Movements & Key Levels

This Elliott Wave analysis of PayPal Holdings Inc. (PYPL) examines both the daily and 1-hour chart structures, identifying the prevailing market trends and potential future price action.


PYPL Elliott Wave Analysis – Daily Chart

PayPal Holdings Inc. (PYPL) Daily Chart Overview

PYPL Technical Analysis

  • Function: Trend
  • Mode: Corrective
  • Structure: Impulsive
  • Position: Wave {iii} of C
  • Direction: Upside in wave {iii}

Analysis:
PayPal Holdings Inc. (PYPL) is displaying bullish momentum within Minute wave {iii}, as price action continues its upward movement. The stock is trending higher, targeting TradingLevel1 at $100, where we anticipate a larger pullback, potentially forming wave {iv} before the uptrend resumes.

PayPal-Holdings-Inc-...


PYPL Elliott Wave Analysis – TradingLounge 1H Chart

PayPal Holdings Inc. (PYPL) 1-Hour Chart Overview

PYPL Elliott Wave Technical Analysis

  • Function: Trend
  • Mode: Corrective
  • Structure: Impulsive
  • Position: Wave ii of (v)
  • Direction: Bottom in wave ii

PYPL Stock Analysis:
On the 1-hour chart, wave ii appears to have bottomed, with a three-wave move confirmed within wave iii. This suggests that further upside potential remains in play, with wave iii expected to continue developing in the upcoming sessions.

Technical Analyst: Alessio Barretta

Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here 

See Previous: Salesforce Inc. (CRM) Elliott Wave Technical Analysis

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PayPal-Holdings-Inc-...


By applying Elliott Wave Theory, traders can anticipate key support and resistance levels, aiding in precise entry and exit strategies. Keep an eye on wave {iii}'s development and potential reactions at TradingLevel1 ($100) for further trading opportunities.

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