Wanna see a magick trick?I'm going to make this pencil PayPal disappear.
PayPal is sitting at an over 6 year low. A blue chip stock, sitting at a 6 year low.
It is also sitting on an RSI level that twice before caused *at least* a bounce, very near oversold.
on the monthly.
It is also respecting a glaringly obvious price channel.
Also, if one were to draw fibs from the very start of PayPal's history to the very tippy top, you would get some interesting price levels, but PayPal would be well below, well, all of them. What about these?
Crypto seems to potentially be exiting a bear market, coinciding with Bitcoin's Halvening which according to buybitcoinworldwide.com occurs in approximately 165 days, 5 hours, 15 minutes, and 7 seconds.
I will be entering a long term position on PayPal tomorrow.
For what it's worth, check out what happened last (and my only) time I made an idea for PayPal. It DISAPPEARED!
