RSR Long - Potential 98% profitIEO are HOT. RSR is one of them. FA is solid, the team is strong and it is backed by Coinbase. Co-founder of Paypal Peter Thiel is investing in RSR and some other big names as well. Potential could be huge. But for now the team should show case the real benefits of RSR and RSV.
For now RSR needs again some momentum. Perhaps we can see soon some price action to the upside. Currently it is in a consolidating phase.
The chart is self explanatory. SL, entry price and target are all visible in the chart.
Remember to always lock profit, and always use stop loss.
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Paypal
PYPL - What to expect on 4hr - PAYPALChart says it. We just made a new high which for me means look for signs of trend reversal. As I've said before trend reversal starts when you start closing below levels that brought you to your most recent high. Im looking to get short, if that wasn't made clear. Not financial advice. Trade safe.
PAYPAL SHORT TERM. AT WAVE 5 OF 5 OF WAVE 3. LOAD UP ON SHORTSOPTIONS PLAY: LONG PUTS or sell calls.
Entry: $108.97-$110.00
Target: $90.
Keep an eye on the sub wave 1-2 extension at $110 at 3.0. A blow past the green zone will have to reconsider the count. Puts 2 months out, cant go tits up.
This is a close-up of the larger wave 3, see my long term chart for this.
The EW count suggests we are at the top here and about to hit the big ABC down to $90 where the 200 DMA and 618 of the fib retracement sits. Fib extensions shown to predict the end of wave 5, and has accurately predicted several of the wave counts before. All EW rules are obeyed and the standard impulse applies. The biggest question is the time factor. I imagine the B wave will be drawn out and a possible flat due to the volume profile and resistance we built on $100-$105. I will be looking to trade the $110-->~$100 swing, exiting and re-entering. for the big C. No stops identified, trade at your own risk.
BUY! WEEKLY CHART - BULLISH INDICATORSeBay, the long forgotten company!
Weekly Chart looks good. Although it must break upward resistance around $35.50, it should run higher.
Currently, the stock is trading under the cloud. It does not worry us because indicators are turning up, BULLISH
Almost every indicator is turning BULLISH
MACD - Turning BULLISH
RSI - Turning BULLISH
STOCHASTIC - Turning BULLISH
ON BALANCE VOLUME - Turning Up, BULLISH
ACCUMULATION / DISTRIBUTION Should start moving up after this post!
Position: 30,000 SHARES
PRICE: $34.57 (We took the position on Thursday)
2019 - 2020 RECESSION IS COMING AND HOW TO MAKE MONEY ON ITWhen looking at the 2008 recession i noticed some similirates. The first wave ended at a 1.618 extension which is also did in 2019. What next? We then had a impulsive wave up, touching the 0.618 extension of the 2nd wave up in 2008. In 2019 we are doing the same, but this time the wave went above the 0.618. It states that wave 2 can reach a maximum 0.786 extension before it invalidates.
In 2008 we saw 5 waves down with the the last wave ending at a 2.272 extension. If we repeat history we should be seeing the exact same.
A 2.272 extension of 2019 will bring the SPY to 150.
Also look at the RSI, from 2008, each time it did 2 lower highs, with bearish divergence. Look what we have in 2019? The exact same with, 3 lower highs!
I am confident we should see a crash coming soon, and you should be looking to short stocks.
Firstly we should look at very overvalued stocks. So which stocks am i shorting?
NFLX
AMD
PYPL
LULU
Paypal Pretty nicely setupPaypal has be bucking the trend it seems, but in my view that looks like an ABC Flat correction, Not financial advice, but it provides excellent trade potential as the stop at the all time high is close by. Looking for 5 waves down, we will be able to squeeze out the structure and timing better as it forms, but April options make sense based on the pitchfork and algo target at the .236
Paypal Holdings / First stop at 70, 2nd at 45 UsdHello Guys,
As expected and called since few months, I see American market going down. On the next month, the movement downwards will get faster.
Paypal Holdings is a short for the next months.
First stop at 70 USD, 2nd and most important one at 45 USD.
To be noted a bearish divergence on MACD and on a personalized STOCH.
See you soon guys,
Simone
THE DOWNFALL OF PAYPAL, 67 USD?Sorry, for clickbait but this is my outlook:
I am extremly bearish on PayPal.
The reason for that is a B, extension to 0.618 (Price: 86.50) Meaning that was the top.
Now it should be followed by a C wave, which ends at 67.61 USD.
I will be placing my stoploss at 88 USD.