PayPal: Turbulent Journey, Promising FutureI am a big supporter of PayPal but I believe its share value will get worse before it gets better. According to its Q2 2023 results, the online payment company experienced a deterioration in its liquidity with a cash ratio difference (cash/total current liabilities) of -0.04 when compared to its Q2 2022 results. The Q3 2023 Earnings Call taking place on Wednesday (1 November 2023) should set the tone for what to expect in the coming months, a steeper drop in share price or a much desired recovery.
PayPal has had a rocky year with the retirement of its veteran CEO, Dan Schulman, who was officially succeeded by Alex Chriss last month. Because Schulman's departure was planned and not sudden, the change in leadership is not a concern for me. The online payment giant also recently launched its own stablecoin showing its willingness and capability to evolve with the times. All-in-all, I believe PayPal's shares have been mostly rocked by factors outside of its direct control (rising treasury yields, pandemic lockdowns lifting, recession fears, etc) so I am anticipating the Q4 2023 to be a pivotal moment as I believe that's where we will see how Chriss has managed the company.
Despite the expected turbulence I am going to load up on LEAPS calls as I believe this company is extremely undervalued and is due for a strong recovery once the current macroeconomic disturbances subside. If the price continues to slip, I can see us hitting a support around $40 which will be the lowest the stock has been since February 2017. While this would be difficult to stomach, it offers an exceptional purchasing opportunity. A potential near-future recovery to the $58.50 level is also possible; $65 would be the next stop if the $58.50 ceiling is surpassed.
Speculative foresight: noting Elon Musk's prior history with PayPal and his long-term desires for operating an online bank (a desire he has expressed exercising with the newly acquired Twitter, now X, platform), I believe we can expect an attempted merger or acquisition from Musk once he has extinguished the current fires at Tesla and X. In my opinion, an attempt to takeover PayPal would attract high volatility which could launch PayPal's shares to prior highs. This is all speculation of course and probably will not occur for several years, if at all.
NASDAQ:PYPL
Longterm
BTC - Let The Party Start 🎉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
On the Weekly Chart (Left):
The bulls are stronger than ever, as BTC broke above the 32,000 weekly resistance. The 32,000 level is now acting as support since we had a daily candle close above it. The next resistance zone would be around 40,000.
On the H1 Chart (Right):
The blue curve shows the overall bullish trend, with the previous major lows marked in blue. Today, BTC formed a new recent low. If history repeats itself, we can expect the price to retest this low before forming another significant upward impulse.
The bulls will remain in control unless the last low is broken downward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ROSE is blooming 🌹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 After being bearish for a couple of months, #ROSE finally broke a previous major high (marked in orange)
For the bulls to remain in control, and take over from a long-term perspective, we need a break above 0.055. In this case, we will expect further bullish movement till 0.07
📉 In parallel, if the last minor low in red at 0.049 is broken downward, we will expect a bearish movement till the orange previous low.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
[NASDAQ] Cup & Handle - Long setupNASDAQ is forming a nice Cup & Handle pattern on the daily aiming to find support around the 200d EMA and enough buyers to push the price to ATH.
A similar pattern was seen in the 2009 bottoming process, successfully defending the 200d EMA and resuming the secular bull market.
The same goes for the 2008 failure to hold the 200d EMA giving us a clear invalidation point for our setup
If NASDAQ looses the 200d EMA most likely the bear market will resume
BTC - The party has just Started 🎊📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #BTC.
Which scenario do you think is more likely to happen? and Why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Trading JPY USD is quiet but the price increases steadilyHello traders!
It seems that USD JPY is still struggling to overcome a strong resistance zone around 150.000. Looking at the 1-hour chart, we can see that UJ has not been able to surpass the 150.00 level.
However, there have been consistent upward movements with continuous price increases and a narrowing range. Any breakout from this range could potentially create an opportunity for further price appreciation in this currency pair, pushing it towards new highs.
TOMOUSDT.PTOMO has a good position to sell, let's see what happens.
BE CLEVER AND CHOOSE YOUR SIDE THEN TRADE THE ADVICE .
If u want to have more our private idea text us.
Long position
🔻 Buy TOMO
📌Entry: 1.56
🚫 SL: 1.64 ( -5.08%)
🚫 TP: 1.31 ( +15.97 %)
ALGOUSDTALGOUSDT was trading in descending parallel channel and recently it seems like the sellers are bit exhausted now and bulls took the charge and now has given the breakout from descending channel.
Currently the price is forming a local support around 0.0880 region.
Will the bulls take charge again continue for leg higher?
What you guys think of this idea?
Gold - was, is and will always be our Safe Haven!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on Daily: Left Chart
After rejecting the 1800.0 support, Gold has been bullish especially after breaking above 1900.0.
Currently, XAUUSD is sitting around a strong resistance in green.
For the bulls to remain in control, we need a break above 1960.0.
📈 In this case, a movement till the 2000.0 round number would be expected.
on H1: Right Chart
Meanwhile, the bears can still kick in. To be confirmed if the last low in gray at 1934.0 is broken downward around.
📉 In this case, we will be expecting a correction till the 1900.0 support.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTR - Still Strong 💪Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📊 As per my last analysis, attached on the chart, BTR rejected 0.0255 support and traded higher.
Now BTR is sitting around the upper bound of the red channel.
📈 For the bulls to remain in control, we need a break above the upper red trendline and last major high in blue at 0.0385
📉 Meanwhile, BTR can still trade lower to test the 0.0255 support again where we will be looking for new short-term buy setups.
📚 Always remember to follow your trading plan regarding entry, risk management, and trade management.
Good luck!
And always remember: All strategies are good if managed properly!
~Rich
NZDUSD - Trading The Range 🌊Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
NZDUSD has been trading inside a big range between 0.587 and 0.605 and it is currently sitting around the lower bound so we will be looking for buy setups.
NZDUSD is in the making of a potential double bottom pattern, but it is not ready to go yet.
🏹 For the bulls to take over, we need a break above the gray neckline at 0.5932
Meanwhile, until the buy is activated, NZDUSD can still trade lower.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Analyst Expects Potential $1 Rally in Dogecoin If This Level BreCurrently trading at $0.05945, Dogecoin is nearing the top of its multi-year descending triangle formation. According to Martinez, a close of the weekly candlestick above $0.0835 could trigger the start of a new bull season for Dogecoin and potentially push its price to $1.
DOGE users should consider the $0.0482 support level. The analyst thinks that any signs of weakness at this level could lead to a new yearly low.
ASIAN GRANITO INDIA | DOWN TREND BREAKOUT PATTERNDOWN TREND BREAKOUT STRATEGY
Entry Price - 80₹
SL - 30₹
Targets - 130,200,300,390+
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
SasanSeifi 💁♂️ETH👉3D🔻1460$ / 1370$Hey there! 😊
In the 3-day timeframe, as you can see, the price movement from the 2141 range has been accompanied by a correction. After a positive reaction to the 1530 range, the trend is currently trading within the 1556 price range. There's a possibility of further correction towards the 1460 range and the liquidity range of 1370. What we can expect is that, if the price stabilizes below the 1530 range, we might witness further correction toward the mentioned targets, as shown in the image above. To better understand the continuation of this trend, we'll have to observe how the price reacts.❗
✨What's your opinion? Do you agree?
🔵Remember, always conduct your own analysis and consider other factors before
making any trading decisions. Good luck!"✌️
❎ (DYOR)...⚠️⚜️
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!
if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
GVK POWER & INFRA | BEST PENNY STOCK TO NOWEntry Price - 9₹
SL - 4.5₹
Targets - 20,27,40,53,90+
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
#TSLA LONGTERM TRADE IDEA SETUPGreetings Folks,
today i have prepared a setup of TSLA on NASDAQ
the analysis is as follows
- the price is following a popular triangle pattern
- i am neither bullish or bearish right now, the market structure is choppy
- have mentioned 2 outcomes in the chart
dont play with fire, always use a predefined stoploss
SP500 James Cameron in a Trench Pattern Developing I mean, clear as day. I won't say there is potential to see a 40% crash in less than 3 months of time, but there is potential to see a long term target of 3300 and then going even lower 2500.
There is a crossing of two MAJOR trends about to occur. Both of these trends project the top being somewhere in that 4800 range. The scary part is the way trends stack up near FEB/March. IF price action followed along some of these trends, and we did indeed see a top around 4800, with a break in our strongest trend support line, then we could potentially see a rare, but possible movement where exit points along both of these trends line up in a way where each trend will signal a massive sell around the same point. Because these trends are so extremely strong. We could see a big drop all the way down to 3300, 2500, and then potentially all the way down to 1490 before we start to really climb again.
So for better news, in the short term, there is a likely scenario where a short term down trend takes us right to the massive support trend, and that also lines up with support lines. This price is like 4210. This is the movement that will likely bring us up to 4800, which is where things start to get scary if price can't find some stability over 5000.
Will silver shine again? As in gold, possibility for a new bull market in SLV is in the cards for coming 2024.
The price structure* on weekly time-frame suggests there is a high chance that SLV, has found its bottom last year in Sep'22 and with higher low this year in Oct'23.
As long as Oct low holds, I would expect the price to move toward next resistance zones: first 22 and later important 24-25 zone. Afterwards, if price builds a handle and breaks-out above 24 that would confirm the move to 27-30-32 resistance area.
Overall, traditional fear-type assets look mid to long-term bullish to my eyes in coming months and years.
Trading thesis : I need the price to confidently move above 50D MA, and create at least short base with several days/a week of consolidation around previous basing attempts (most recent being around 21) with later break-out above this pivot to consider longs.
* Important caveat to EW: I use it solely to have a subjective idea about sentiment and overall structural context to support, but not guide, my investing decisions. Price and volume is the key, and only price pays, not the fibonacci resistance or any wave count.
New bull market in Gold As per my Elliot Wave* analysis, Octobers low may mark the the mid-term bottom for gold and price has started to work on building the right hand side of the cup.
As long as 168 holds, I would expect the price to move towards next important resistance area 194-200 area. Ideally build a hand of the cup after reaching that level and break-out above 194 towards important next targets: 212-224-230.
Also notice the "Mona Lisa" of cup-and-handle pattern in GLD on a monthly time-scale
The symmetry and volume dynamics, that subsides in the handle area, is almost picture perfect.
Trading thesis : I will be looking for price to digest its rally from Oct lows, preferably around 177-180 area, creating a cheat pivot and relatively low risk entry point. This entry, if materializes, may create a good long-term opportunity to build position for the coming 2024 and potentially beyond.
* Important caveat to EW: I use it solely to have a subjective idea about sentiment and overall structural context to support, but not guide, my investing decisions. Price and volume is the key, and only price pays, not the fibonacci resistance or any wave count.
BTC - Levels To Watch 👀Greetings, TradingView Family! This is Richard, also known as theSignalyst.
After rejecting the 28,000 level , BTC has been bearish this week.
📈 For the bulls to remain in control, we need a break above 28,500.
Meanwhile, BTC could still trade lower to test the 25,000 support zone.
📉 If the bears manage to break below 25,000 , we can expect further long-term bearish movement towards the 20,000 demand zone.
Which scenario do you think is more likely to happen? and why?
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
AAL - Preparing for Takeoff? ✈️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on Weekly: Left Chart
AAL has been trading inside a big range between 10.0 and 20.0 round number.
This week, AAL is approaching the lower bound of the range around 10.0 - 12.0 so we will be looking for buy setups on lower timeframes.
on H4: Right Chart
For the bulls to take over medium-term, we need a break above the last major high highlighted in gray.
Meanwhile, until the buy is activated, AAL would be bearish and can still trade lower inside the support zone.
For now, we wait ⏱
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich