PYPL: Bullish Buyers coming in for upside with BTC breakout $50k

Loving this setup for PYPL, rebounded at demand support zone well, nice buyers pushing pypl out of this demand and could potentially see another push up into resistance supply zone above and eventually a gap fill upwards. Cryptocurrency bullish trend might help to push with a nice breakout of BTC of $50K today! Also Paypal launches its cryptocurrency service in the UK letting British customers buy, hold and sell digital currencies, starting this week.

Commentaire:

A great and steady rebound on PYPL! CNBC analyst has upgraded PYPL as one of the favourite nasdaq stocks with upside."Digital payments company PayPal also makes the list. PayPal shares are down nearly 10% in the past month after reporting weaker-than-expected second-quarter earnings in July. The company said that transitioning online marketplace eBay off its platform is causing a “short-term drag” on growth, but the change will be completed by the end of the third quarter." (CNBC, 28th August, 2021)