$PayPal(PYPL)$ π₯ππ PayPalβs Comeback Code: Reclaiming the Cloud, One Candle at a Time πππ₯
The bulls have returned to the arena, and theyβre not just playing defence.
On the daily, $PYPL has surged back into the TrendCloud with conviction, reclaiming $70 and pressing toward the critical $72 threshold. The aggression required to re-enter the cloud from below speaks volumes. This wasnβt drift, it was intent. Momentum-backed volume confirms it. The $72 zone remains the immediate test, and above it lies open air.
On the weekly, the structure tells a story of reversal with muscle. After bottoming at $56.97, price is now up +27% off the lows and is clearing the October β23 VWAP, breaking structure in the process. With another 26% runway to the 200-week MA, the technical ceiling sits near $88, aligning with a potential cash-out zone.
Whatβs key here is the cloud punch. Breaking into the weekly Ichimoku cloud is no casual feat, it demands trend conviction. Lower oscillators are confirming that rotation is underway. The L3 Banker Flow shows accumulation, MCDX has flipped bullish, and the RSI has turned up from oversold, backing the idea that this isnβt just relief, itβs a regime shift.
Should bulls maintain control, the next meaningful resistance cluster sits around $76 to $78. Above that, all eyes shift to the psychological $100 zone, still more than 40% away but now back in conversation. Downside support remains firm at the $57 base.
This is no longer a dead money chart. Itβs a breakout candidate under institutional accumulation, reclaiming its trend with force.
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Trade like a boss! Happy trading ahead, Cheers, BC πππππ
Comments
thanks for sharing
bullish news during the weekend, hopefully we have a good week π€
thx for sharing BC
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Great article, would you like to share it?
Great article, would you like to share it?
Great article, would you like to share it?