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Square Inc Tech AnalysisSquare Inc look very bullish and catching up the market after hard downtrend of March . Indicators: Obv W%r Average true range Ema 20/50/100 We have positive deviation in Obv , W%r have more room for buyers to pushing up if we break and average true range ( Atr) of 13.6 . Our supports level is 200$ on the bottom and ema 100/50/20 for the middle until now they act very good as well . Our resistance level is 241$ , Weekly resistance top . ema 20 is still below ema 50 , crossing above will trigger a uptrend and bigger chance to cross 241$ . Our Two first Target if we se cross above 241$ : T1 - 260$ T2 - 280$ Support : S1 - 229$ S2 - 221$ S3 - 200$ Trade range time : Two weeks * There is no buy / sell recommendation in the aforesaid ,
NYSE:SQLong
by daveinvest8
Crypto Weekly: Visa and PayPal deepen crypto commitmentsVisa carries out the first test to settle stablecoins directly on its network in return for a payment processed. PayPal is about to let users pay with cryptocurrencies at its merchants. The use of Bitcoin for remittance payments skyrocketed in emerging markets last year. Card issuer settles the first Visa transaction in USDC on Ethereum Visa and Mastercard are working to bring on crypto-related services onto their network, respectively. Visa is publicly working on two distinct services. First, Visa is set to launch a service for banks this year providing easy access to trading cryptocurrencies. Second, Visa has been working on enabling settlements in the second-biggest stablecoin called USDC directly on its network. Yesterday, Visa confirmed that it has launched the pilot program of this service. Additionally, the payment processor said it has successfully completed the first test as Crypto.com has send USDC on Ethereum to Visa’s wallet to settle a payment. Thereby, Crypto.com does not have to send fiat to Visa whenever users use a Visa card issued by Crypto.com. Instead, the new procedure enables the issuer to settle directly in USDC . In the future, Visa will also offer merchants settlement in USDC . This enables instant settlements of merchants instead of having them wait several weeks for their settlement to go through. PayPal to let users pay with cryptocurrencies PayPal launched buying and selling of cryptocurrencies in October 2020. At that time, it was expected that PayPal would let users pay merchants using their cryptocurrencies sometime in 2021. As expected, PayPal will shortly let users pay with their holdings in Bitcoin , Ethereum , Litecoin, and Bitcoin Cash , the company confirmed today. When users pay using cryptocurrencies, the selected cryptocurrency will instantly be converted to fiat to settle the merchant. The conversion will occur without any fees on the users’ end, and without any additional costs for the merchant compared to traditional PayPal payment types. However, as users are not able to deposit cryptocurrencies to PayPal, they need to buy them through the company, which is subject to heavy fees. PayPal will send out an official press release later today describing the service in detail. The press release will likely consist of the exact date for the roll-out, which is expected to take place within some months. Bitcoin sees growth in usage in developing countries According to Quartz, the usage of Bitcoin in developing countries skyrocketed last year, based on data from Chainalysis. Bitcoin is mainly used for remittance payments as it is significantly cheaper and faster compared to services like Western Union and MoneyGram traditionally used. It is especially Nigerians who are using Bitcoin to make payments into the country. This is happening to such an extent that the Nigerian central bank is now paying citizens to use official channels for payments. The surge in Bitcoin transactions also occurred in other emerging markets last year like Latin America, India, and Southeast Asia. However, the problem with Bitcoin for this purpose is the extreme volatility . As a result, it is likely just a matter of time until citizens in emerging markets adopt stablecoins, especially for remittance payments.
BITFINEX:ETHUSD
by thunderpips
4
Anti-competitive allegation (boo) - $235+ target 2021 (yay)What a juicy entry into Visa. I have worked closely with Visa, and these are some of the big points I think will work in their favour: > Right where the stock was before the pandemic crash in March 2020. What? > Olympic year -- Olympic years are good years for VISA as a TOP partner of the International Olympic Committee. Sure, we are a bit worried about how will the Olympics really look this year -- things seem a bit messy in Japan, but, if Japan can somehow get it together with the vaccines and protocol in time for the Games allowing some tourists in, this could be a good year with definitely stronger anticipated earnings for Sept/Oct earnings call. > Travel and spend -- VISA's main revenue source isn't your domestic spend. Sure, the pandemic has perhaps even surprised VISA, as they reported positive earnings with online transactions and local spend -- but once those boarders open, the spend during international travel is where the bulk of the revenue will emerge from. I feel (and I could be wrong as who knows how safe management wants to play it) -- VISA will have fairly positive guidance during the May earnings report, which will be a big catalyst for the stock to jump and set all-time-high. If not then, I would still hold a position for 2021, because as things get better and people travel, they carry Visa in their pocket. > Cryptos 'r' us + Dividend -- Few months ago VISA announced a Bitcoin based loyalty points program as a new product in select markets. VISA doesn't go "all in", but that's why I like VISA as a less risky yet growth-like stock. It can make strong moves upward, but, also keeps paying a tasty dividend. I had de-risked by taking profits on VISA a few weeks ago. I did miss most of the rally we saw last week, but profit is profit and they still paid me the dividend. I have been looking for a re-entry when I felt the stock cools and a pattern becomes more obvious. BUT WAIT... While this dip is super tempting, I am not going all in just yet. VISA dropped so sharp on allegations of anticompetitive practices, as the department of justice investigates claims that VISA channeled transactions over their own (more expensive) networks for retailers, rather than giving them options to transfer through other networks (which is their legal right and possibly cheaper). What this means is that investors don't like the shock, and decided to take profits. What I will watch for is how the narrative develops over the coming week. If the market is generally recovering and the VISA news has no major follow up, great. If there is more news, we could even get down to $190s. I don't expect the stock to break that support. Good luck traders!
NYSE:VLong
by Karam08
2
Short term opportunity on PYPLToday, we will speak about the current situation of PYPL - We can see that the price reversed from a strong support zone - The price broke the current descending trendline - On the edge of that broken trendline, we can see a corrective pattern, of course, that if the price keeps falling, the setup would be canceled. - The final target for this pattern is the next resistance zone at 276.00 - The stop loss for this situation must be placed below the whole structure. - In case everything goes as expected, we think the duration of the movement can take between 5 to 10 days Thanks for reading!
NASDAQ:PYPL
by ThinkingAntsOk
1
PAYPAL PAYDAY??? CALLLLSif you check my charts i have 260 strike that expire march12th and 275 strikes that expire on march 12th also sooo i average down on the dips and am really happy by doing so! what are you seeing ?? well paypal was in a downwards trend (the purple lines) when the markets dipped more so did paypal. it broke down out of the down trend and i saw a great buying opportunity. paypal is now back in the upwards channel (the blue lines) and broke the resistance trend line (the purple) when going back up today. that shows me that buyers are strong and the shorts are holding there D**K in their hands. im hoping for green days after that correction:))
NASDAQ:PYPLLong
by TradingPapi_
PAYPAL correction and price levels LONGPYPL reached ATH, but if the trends should stay healthy, we should go through some price correction. I know it is a good STOCK with significant potential. The price is going higher because of the covid situation and payouts for freelancers, but I am selling now, and I am gonna wait to buy again for a better price. The growth of profit has already been included in the price of PAYPAL stock. ENTRY LEVELS LONG: $263 $254 STRONG BUY $224 STRONG BUY
NASDAQ:PYPLLong
by SMART_MONEY_MARK
3
Why does USD become weaker?(Intermarket analysis)If you are looking at the chart of USD Index (DXY) and compare it with Bitcoin, soon you will realize that from March 20th 2020, USD gets weaker and weaker while Bitcoin getting stronger exponentially. By looking at the growing list of major companies which accept Bitcoin, it is not hard to identify that US Dollar is loosing the ground to Bitcoin. What major companies accept Bitcoin? Major Retailers Microsoft. Microsoft has been accepting Bitcoin for use in its online Xbox Store since 2014 Overstock. Overstock is currently leading the way in the shopping and cryptocurrency field Home Depot Namecheap Starbucks Electronics Sleep, Bed and Bath Twitch Virgin galactic Tesla From technical point of view: USD has been in bearish Grand super cycle since 1971, when US Government put an end to gold standard. Last year, DXY broke below its EMA 200 and EMA 50 and it’s efforts to close above EMA 50 and trend reversal failed in the last 3 times. I believe US Dollar is in a position that no one can help it to become strong once again, and accelerated money printing policy just help it sink more and more! Moshkelgosha(Sniper Trader)
TVC:DXYShort
by Moshkelgosha
2