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PayPal to $76PayPal is signaling bullish reversal at a great value. After a two-year long hemorrhage in stock value, multiple indicators and patterns forecast a recovery. A descending wedge can be found on the 1D chart and as we are nearing the final squeeze of the wedge, an inverse head and shoulders has formed. Utilizing Fibonacci retracement levels supported by bullish trading patterns and indicators (OBV & MFI), the ascent to $76 appears both realistic and only the beginning of a long awaited rally. Should my projections prove accurate, I believe there will be one more opportunity to profit from put options as the right shoulder peaks around the $57-$59 range. NASDAQ:PYPL
NASDAQ:PYPLLong
by Shepherd_Investor
5
For Those Asking About Buying GBP..Hey Guys, Some have asked me about buying the GBPUSD FX pair. We just had CPI data falling inline with expectations that did not enormously shift GBP upwards or to the downside. Nonetheless our bias remains higher for shorts. WHY? Because that is where Key Risk Averse PA zones exist (larger money short zones). This coincides with the fact you have risen on the GBP for a long amount of time now as a retracement. Within these retracements you will inevitably get rebounds of price as sellers RE move into the market within the upmove. So having said that we are not looking to buy LATE. the train has gone and we need to just wait at the stop again. Buying high is never a good idea. This is an issue. That's because if you are buying it you are buying it WAY after it's been bought (and it's no longer cheap)... If you keep doing that you will statistically be unprofitable (and naturally). Buy dips, sells rips.
by WillSebastian
$LINK CHAINLINK Officially Found Bottom & Starting A Reversal Why LINK investors might be sitting on a goldmine thanks to proof of reserve It is often difficult to find winners in the crypto market during a major crash but Chainlink might be it. Even though its native currency LINK suffered significant downside so far this month, the Chainlink network continued to see wins as a potential solution. Chainlink can facilitate the proof of reserve which might be the ideal solution that may help solve some of the cracks unveiled during 2022’s market crash. Chainlink proof of reserve may help overcome systemic financial risks, as well as contagion risk. Chainlink as an oracle services provider stood in a position to help facilitate a large-scale adoption of proof of reserve. Additionally, looking at the current scenario of the market, it could be considered as more of a necessity than an option. The good thing is that it also offers an opportunity for the market to adapt and grow from recent challenges. The need for large-scale proof of reserve adoption further outlines an opportunity for Chainlink’s adoption. It underscores yet another reason why Chainlink’s offerings continue to add value and why the network has robust long-term potential. Healthy long-term adoption might contribute to more value for LINK. Chainlink did register healthy growth in the last 30 days. For example, its supply of LINK held in smart contracts grew substantially during the last four weeks. The same was observed for its velocity. Both the velocity and supply of LINK in smart contracts dropped significantly in the last five days. This reflected the impact of last week’s crash on Chainlink’s performance. But will we see a recovery this week? One of the best ways to assess demand was to look at the balances of top addresses. LINK’s supply of top addresses registered a sizable drop in the last five days. However, the good news was that the whales/top addresses are no longer selling. Regardless, we were yet to see a return of strong buy pressure. Chainlink’s transfer volume also took a bit of a hit in the last few days. Investors should thus, keep an eye out for the transfer volume to pivot as a confirmation that demand recovery. Chainlink is a potential game-changer that investors have a keen eye on. The project was launched as an avant-garde solution to streamline off-chain blockchain projects and transform them into on-chain platforms. There is no question that LINK has opened a new world of possibilities regarding the intricate world of web3 development. As the company provides curated and in-demand solutions, it’s no surprise that top-tier names such as Google Cloud, Polygon, and Aave have wholeheartedly embraced that project. Investors and analysts are confident that Chainlink is on remarkable growth trajectory steering into 2023. Expect New Alltime Highs Soon!
Long
by UnknownUnicorn2208604
1
$DOGE BULLISH SUPPORT TOWARDS $0.23The price of Dogecoin (DOGE) has continued to remain strong against Tether (USDT) despite growing bearish market sentiment as other crypto assets continue to decline in price. The price of the popular cryptocurrency traded from about 1 cent on Jan. 1 to almost 75 cents on May 8 when Tesla Inc Elon Musk hosted "Saturday Night Live." Currently at these prices, this is an opportunity for an entry while this crypto asset is not trending and thats the whole point to buy before the hype. Base on the trendlines between support and resistance we are about to break out one way or another. View the RSI combo.
Long
by UnknownUnicorn2208604
3
Start Accumulating VRA Now. The best time to accumulate Verasity (VRA) begins now (if you believe in the project). Please refer to the two bottom zones (anything under 0.25 really and the lower the better ofc) will be your best opportunity to accumulate VRA before the next run. Smart money comes in now. They also have staking rewards on their website so if we have to wait a year or two for the next bull run, we will be compounding our returns. Risk Warning: This is only if the project continues to grow its community and stays strong. Always a risk with low market cap coins. However, if all goes well I think this is a terrific opportunity for some exceptional gains.
Long
by divine_1986
2
XRP IS FINALLY READY TO RUNXRP is in huge on the weekly time frame. We are maybe coming down to retest support and from there go up again. In this bull run we have not seen big move from XRP and we all know why.I think is time to suruurprise all people that already sold with some big move and breakout from the symmetrical triangle . With some good news from the SEC case i think we can go far beyond the price target of 2.40$ and make a new ATH . Also without the case news i think the price target is very achievable. What do you think about my opinion? If you like my ideas please follow me and like the post because i am posting every day my trading strategys, i am new to Treadingview but i have 6 years expirience in trading. XRP TO THE MOON!
Long
by Mladen94