💥 $PYPL Drop: What Every Trader Needs to Do NEXT!
Analysis:
As Macro PVVM and Micro PVVM decline, the close price of
PYPL
also drops from 73.43 to 59.47. This decline corresponds to the bearish momentum shown by both metrics.
The sharpest price drop occurs between 2023-08-02 and 2023-08-03, where the close price goes from 73.2 to 64.18, corresponding to a significant drop in both Macro and Micro PVVM values.
The sharp decline and move into negative territory signals a strong bearish movement. The last value is considerably negative, indicating a strong downward pressure.
Critical Points for Traders:
Yesterday,
PYPL
reaches an oversold position in the Micro PVVM, which can signal a potential bounce back or reversal in the short term.
Traders should watch the Macro PVVM as well. If it crosses below 0, it could be a confirmation of a bearish long-term trend.
Proposed Trade Strategy:
Short-Term Traders: Given the strong bearish momentum in the Micro PVVM, traders might have already taken a short position. However, as it's reaching an extreme oversold condition, traders should be prepared to take profits as a bounce back or a reversal is possible.
Price Prediction for the Next 7 Bars:
Depending on the strength of the rebound, the price may stabilize or continue its decline if no significant bullish momentum is observed.
In numerical terms, we might expect the close price to move in a range between 55 to 65 until EOW (end of week), with potential spikes depending on the market sentiment.
As Macro PVVM and Micro PVVM decline, the close price of
PYPL
also drops from 73.43 to 59.47. This decline corresponds to the bearish momentum shown by both metrics. The sharpest price drop occurs between 2023-08-02 and 2023-08-03, where the close price goes from 73.2 to 64.18, corresponding to a significant drop in both Macro and Micro PVVM values.
The sharp decline and move into negative territory signals a strong bearish movement. The last value is considerably negative, indicating a strong downward pressure.
Critical Points for Traders:
Yesterday,
PYPL
reaches an oversold position in the Micro PVVM, which can signal a potential bounce back or reversal in the short term. Traders should watch the Macro PVVM as well. If it crosses below 0, it could be a confirmation of a bearish long-term trend.
Proposed Trade Strategy:
Short-Term Traders: Given the strong bearish momentum in the Micro PVVM, traders might have already taken a short position. However, as it's reaching an extreme oversold condition, traders should be prepared to take profits as a bounce back or a reversal is possible.
Price Prediction for the Next 7 Bars:
Depending on the strength of the rebound, the price may stabilize or continue its decline if no significant bullish momentum is observed.
In numerical terms, we might expect the close price to move in a range between 55 to 65 until EOW (end of week), with potential spikes depending on the market sentiment.