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PYUSD - The PayPal StablecoinHi Traders, Investors and Speculators of Charts📈📉 PayPal announced yesterday on August 7, 2023 that it has launched a U.S. dollar stablecoin, called PayPal USD (PYUSD) . PYUSD is fully backed by U.S. dollar deposits and short-term U.S. Treasuries, and is issued by Paxos Trust Company. It is available to PayPal customers in the United States with PayPal Balance accounts. PayPal has partnered with Paxos to launch PYUSD. Paxos is a leading blockchain infrastructure company that specializes in stablecoins. Paxos also issues the BUSD stablecoin, which is used by Binance. PYUSD was first announced in January 2022, but its launch was delayed due to regulatory concerns. However, PayPal has since received approval from the New York State Department of Financial Services to issue PYUSD. PYUSD is currently valued at $1.00 per token. It can be used to buy, sell, hold, and transfer funds on PayPal. It can also be used to make payments to merchants that accept PayPal. PayPal has been crypto-friendly for some time. In addition to PYUSD, PayPal also offers four other cryptos: Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. PayPal customers can buy, sell, hold, and transfer these cryptocurrencies on the PayPal platform. PayPal's launch of PYUSD is a significant development in the cryptocurrency space. It is the first major financial technology firm to launch its own stablecoin . PayPal's move is likely to boost the adoption of stablecoins and cryptocurrencies in general. 💭 It's interesting to see how the fundamentals tend to follow the chart or vice versa. When we analyze the PayPal chart, we see a definitive completion of a bearish trend / downward cycle. According to Wyckoff Method and other market phases, the next cycle is the upward cycle / bullish phase. And so, this news comes at just the right time to kickstart a new market cycle! _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck NASDAQ:PYPL
NASDAQ:PYPLLong
by CryptoCheck-
24
$PYPL Double Bottom Bullish closeNASDAQ:PYPL Double Bottom Bullish close It sounds like you're discussing technical analysis concepts in the context of trading. A "double bottom" is a bullish reversal pattern that occurs after a downtrend and is characterized by two consecutive lows at a similar price level, followed by a breakout above the pattern's neckline. This pattern suggests a potential reversal from the downtrend to an uptrend. A "false breakdown" occurs when a price breaks below a support level but quickly reverses and closes back above it. This can be interpreted as a bullish sign, indicating that the selling pressure wasn't sustained, and buyers stepped in to push the price back up. The idea that "the best moves come from failed moves" is a common adage in trading and investing. It suggests that when a market or a security initially breaks out or breaks down and then reverses, it can lead to strong price movements in the opposite direction. This is often attributed to the idea that traders who were positioned on the wrong side of the initial move are forced to close their positions, contributing to the momentum in the opposite direction. It's important to note that while these concepts are commonly discussed in trading circles, they are not foolproof strategies. Technical analysis is just one approach to understanding price movements in financial markets, and it should be used in conjunction with other forms of analysis and risk management strategies. Markets can be unpredictable, and there is no guarantee that any pattern or signal will always lead to a profitable outcome.
NASDAQ:PYPLLong
by AlgoTradeAlert
$PYPL PayPal Double BottomThe main reason why I like NASDAQ:PYPL PayPal it has a Double Bottom another one of the reasons why I am starting a small starter position is because Jim Cramer hates the stock. 1. Business Model: PayPal is a leading digital payment platform that offers a range of online financial services, enabling individuals and businesses to make payments, transfer money, and conduct transactions electronically. It serves as a bridge between buyers and sellers in the digital marketplace. 2. Revenue Streams: PayPal generates revenue primarily through transaction fees charged to merchants for processing payments, as well as fees for certain value-added services. These services include PayPal Business Solutions, Venmo (a peer-to-peer payment platform), and Xoom (a digital money transfer service). 3. User Base and Market Reach: PayPal boasts a vast user base, with its services available in more than 200 countries and supporting multiple currencies. The platform is widely used by consumers, businesses, and merchants for various online financial transactions. 4. Acquisitions and Diversification: PayPal has strategically acquired several companies to diversify its offerings and expand its market presence. Notable acquisitions include Venmo (a social payments platform), Braintree (a payment gateway), Xoom (a digital money transfer service), and Honey (a browser extension that helps users find discounts and deals). 5. Strong Partnerships: PayPal has formed strategic partnerships with major e-commerce platforms, payment processors, and financial institutions. These collaborations enhance the reach and convenience of its services, as well as drive transaction volume. 6. Mobile-Centric Approach: Recognizing the increasing reliance on mobile devices, PayPal has invested in creating user-friendly mobile applications for seamless mobile payments and money transfers. Its subsidiary, Venmo, has become especially popular among younger users for peer-to-peer payments. 7. Financial Performance: PayPal's financial performance has shown consistent growth over the years. The company's revenue and net income have been steadily increasing, driven by the growing adoption of online and mobile payments, as well as expansion into new markets and services. 8. Innovation and Technology: PayPal remains at the forefront of financial technology innovation. The company has explored blockchain technology and cryptocurrencies, allowing users to buy, hold, and sell select cryptocurrencies through their PayPal accounts. 9. Regulatory and Compliance Considerations: Operating in the financial services industry, PayPal is subject to various regulatory and compliance requirements. Adhering to these standards is essential for maintaining trust and securing user data. 10. Competitive Landscape: The digital payment industry is highly competitive, with players like Square, Stripe, and traditional financial institutions vying for market share. PayPal's ability to innovate, adapt to changing trends, and offer seamless user experiences contributes to its competitive advantage. In summary, PayPal is a pivotal player in the digital payments landscape, offering a wide range of services that facilitate online transactions and money transfers. Its user base, partnerships, technological innovation, and strategic acquisitions have propelled its growth and solidified its position in the industry. However, like any company, PayPal faces challenges related to competition, regulatory changes, and cybersecurity. Staying ahead of these challenges through continuous innovation and customer-focused services will be crucial to its sustained success.
NASDAQ:PYPLLong
by AlgoTradeAlert
PYPL | Buy the Fear!!! | LONGPayPal Holdings, Inc. operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 150 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies. The company was founded in 1998 and is headquartered in San Jose, California.
NASDAQ:PYPLLong
by DivergenceSeeker
1
What does Paypal USD mean for Eth ? Will we have a McDollar ??Paypal launches PYUSD This does not mean it will get adoption just because Paypal wants it to. There may be regulatory hurdles incoming just as we saw with Libra and Diem for FB // Meta. This is now a clear trend though where larger traditional companies are seeing the immense upside in their own stablecoin products. I dont think this trend is going to die out. Where does it go ? I think this is leading to a McDollar. Just as Big Mac index is a good rule of thumb for judging currencies.. a McDollar is a good option for currency itself. Goods or services in demand can be digitalised into currency on the back of the traditional product. This is great for provider and customer both. Prosperity is about speed. From the wheel to the sail to the car to the internet. Moving things (people//stuff) faster is compounding the human ability to create more together. Prosperity. Can Eth handle it ? I believe so. There are many "eth killers" now and there'll likely be more popping up esp by more traditional outfits. At this stage though what Ethereum has done to compete well against crypto competitors is add layers with utility related to their core layer flaws. Rollup technology allows Eth to outsource the heavy lifting of smaller transactions. Rather than individual $3 nfts clogging the network one by one we are likely to see places like Paypal use rollup technology to bundle microtransactions and send them thru the network that way. This will reduce costs involved and increase time to settle for everyone.
Long
by SoftQuant
4
Paypal - Going Long In a Bear Market?Paypal is an antiquated business model. The problem is, the Federal Reserve just launched FedNow, which is like a bank-to-bank Central Bank Digital Currency. Most CBDCs will come in the future, and they will target retail/consumers, and Paypal will no longer be useful for transferring money. In Canada, where I am, Paypal is already primarily worthless, because the company that handles debit card payments, Interac, set up, many, many years ago, a service that allows us to send money to each other from our banks via email. Both people and businesses use it extensively. It's fast, easy, instant, and free, so why bother with Paypal? CBDCs are a problem for humanity, because they are the collar, leash, and chains that enable Party West's implementation of their favourite role model, the Chinese Communist Party, who deployed full scale social credit under the guise of "Zero COVID." The CCP and its 24-year persecution against the Falun Dafa spiritual believers launched by former Chairman Jiang Zemin on July 20, 1999, are something absolutely essential for mankind to reject, oppose, and eliminate. They aren't things for you to rack your brains thinking about importing so that stimmies can be collected from a central authority. If you want a future, we need to return to mankind's traditions, human, divinely imparted tradition and culture, and dispose of the garbage that is Marxism, atheism, the Theory of Evolution, and the doctrine of struggle. The fact that Paypal is being replaced by CBDCs is awful evident on monthly candles, which give you absolutely no reason to believe there's going to be any kind of Meta/Tesla/NVDIA-style reversal of fortune. But what's really notable about this stock, which I have criticized extensively on Twitter as not being a long, is the weekly bars, since April, actually indicate a long trade scalp is set up. That scalp setup has not been present for even one second, until today's post market earnings dump back to $68. The thesis is simple. Since Paypal has filled ALL of the gap, and over a long period of time, it indicates for lower prices to come, some objectives over previous highs are most likely in order. The most premium level for this to occur would be the January high at $88. But a failure swing somewhere over $84 would also be a heck of a trade. Where to long? Tomorrow's dump may be too early. The most perfect would be $65, under the flat bottom lows. But you may or may not get it. The problem is, how long does it take Paypal to mark up into the $80s? We don't have that much time to play with the JPM collar being long 4,200 SPX puts expiring September 29. And the markets are looking like they intend perhaps one more upswing before doom, which I cover here: SPX - The Sound of a Shattering Iceberg In any event, markets correcting violently and VIX pushing highs hard may put a painful and abrupt end to rallies across all classes. But it seems we may have a rally ahead. And with all the factors combining, buying Paypal between Thursday and Friday in a price range between $68 and $65 is a trade. If it doesn't go up, then the trade isn't confirmed. But you might have to wait at least a month to see if that comes true. What you don't want to and can't see is the $58 low taken out. When Paypal is done taking out short sellers who didn't take profit at $58 and want to ride to zero, I believe the next target is the $45 level. And then this thing goes the way of Bed Bath and Beyond and Blockbuster. Be careful. What lies ahead in the remainder of 2023 will be hard to navigate. And 2024 might be an entirely unpleasant experience for all.
NASDAQ:PYPLLong
by LordWrymouth
PAYPAL - Long Term Accumulation WindowPaypal - NASDAQ:PYPL Below I cover the Chart and some interesting fundamental news on what Paypal is upto..... CHART Everyone should have expected significant resistance at the $74.66 price level due to a confluence of the following at that level; 1. 200 Day SMA 2. Point of Control (POC) 3. Falling Wedge Diagonal overhead resistance (SEE CHART FOR OUTLINE) Further downside in the short term would not surprise me, however the long term positive divergence presents a long term opportunity. How am I playing this? I have a long term small position that is 15% in the negative at present, its thee one negative position I hold. Similar to NIO (which was at a small loss for weeks on end, I continued to average in on a positive divergence), I will average now to PYPL with a 2nd purchase and if we drop down to the RSI resistance line I will average in again with a 3rd purchase. Ideally traders, would want a break out above the point of confluence on the chart and to find support above or on $74.66. I would not be day or week trading from current levels. I intend to hold for months, potentially years, similar to my NIO play. If we lost the bottom of the falling wedge I would cut my losses at this point. This is a High Risk / High Reward trade. The NIO trade has rendered me a significant 50% unrealized profit over the past few weeks. It could take months for me to see a similar return here on Paypal, and I'm ok with that. Timeframe expectation is long term. What's PayPal Upto? Interestingly Paypal announced a major deal with KKR in June 2023 whereby KKR agreed to purchase up to €40 billion of eligible current and future PayPal Pay Later loans that originated in Europe. PayPal has become an industry leader with its PayPal Pay Later products, issuing more than 200 million loans to over 30 million customers in eight markets around the world since 2020. PayPal expects to allocate approximately $1 billion to incremental share repurchases this year and updated the outlook from approximately $4 billion to approximately $5 billion in total share repurchases in 2023. Paypals close association with KKR is notable. KKR - Kohlberg Kravis Roberts & Co. are an major American global investment company who have secured the two largest company buy outs in history RJR Nabisco & TXU. Paypal have huge ambitions and the buck to back them from the KKR. The deal and association with KKR is yet another reason to keep a long term headset on for this trade/investment. PUKA
NASDAQ:PYPLLong
by PukaCharts
SQ WVAP Breakdown into Earnings LONGOn the 30- minute chart BLOCK ( SQ) broke down from a VWAP pop last week into a drop this week to earnings which were a 7% beat on earnings. MACD lines are about to cross. he lower RS line in green is showing bullish divergence while the mass index signal is in the reversal zone looking to trigger with a fall. Finally the narrow range or flat candlebars at the end of the price action show the reversal is impending. I see this as a fade into good earnings worthy of a reversal long and so I will take that trade.
NYSE:XYZLong
by AwesomeAvani
PayPal suppressed by the 1.618 of golden sectionPayPal stock in the past three weeks has been suppressed by the 1.618 level of the golden section This chart shows the weekly level candle chart of PayPal stocks in the past six months. The graph overlays the recent bottom-up golden section. As shown in the figure, the high point of PayPal stock in the past three weeks has been suppressed by the 1.618 level of the golden section in the figure. In the future, it is likely to retreat downwards! The strong support level for PayPal's stock is at the starting point of the big positive line in July 2023!
NASDAQ:PYPL
by Think_More
PYPL PayPal Holdings Options Ahead of EarningsIf you haven`t sold when ARK did: or when the CFO left for WMT: or reentered this dip: Then analyzing the options chain and the chart patterns of CAT Caterpillar prior to the earnings report this week, I would consider purchasing the 73usd strike price at the money Calls with an expiration date of 2023-8-25, for a premium of approximately $4.35. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:PYPLLong
by TopgOptions
3
PYPL Testing Upper Wedge LinePaypal is testing the upper line of a falling wedge pattern while recently crossing above all short and long moving averages(8,21,34,50,100) with the 200sma as the last MA to be tested. The short MAs are all rising and have crossed above the 50ma indicating a short-term bullish trend in price. The PPO indicator show the green RSI line rising, and above a rising purple signal line which indicates short-term bullish momentum. Both lines trending above the 0 level indicates intermediate to long-term bullish momentum. The TDI indicator shows the green RSI line above 60 and rising which indicates a bullish trend in price, as does the RSI line trending in the upper half of the Bollinger Bands. Going forward we want to see the RSI line trend between the 40-60 levels as an indication of intermediate to long-term bullish trend. My buy price was $70.63 Stop-Loss(SL) is at $65.26. No upper target for now as the falling wedge pattern is a sloppy one with the dip in the middle not touching the lower trend line. Will continue to move my stop-loss up as/if price continues to move higher. In general I tend to move my stop-loss orders up as price continues to make higher highs and higher lows. On each new push to a higher high, stop-loss is moved up to the most recent higher low.
NASDAQ:PYPLLong
by PrepForProfit