#PYPL Long 240 above 220.64
Precursor: I am bullish paypal relative to Bitcoin news this year, long term, here out.
We are currently looking for a retest of 218.55, and have found support inside the purple paralell channel, and above 212.67.
As we approach 220.64 we will see pressure if we continue to trend up the bold longterm trend in pink.
If we break above 218.55, initially id watch for a break above the purple channel, perhaps reaching the pink just above our target.
If we break out below the bold support trend, and below 213.91 id consider this idea a failure and reposition at some of the lower areas marked out or further down to the lower trend.
We are currently looking for a retest of 218.55, and have found support inside the purple paralell channel, and above 212.67.
As we approach 220.64 we will see pressure if we continue to trend up the bold longterm trend in pink.
If we break above 218.55, initially id watch for a break above the purple channel, perhaps reaching the pink just above our target.
If we break out below the bold support trend, and below 213.91 id consider this idea a failure and reposition at some of the lower areas marked out or further down to the lower trend.
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