Chart of the day 📈 $PYPL PayPal
1. Here's the #PYPL chart on the weekly time frame
2. We have a couple of bullish things happening on this chart
3. First, and IMO most importantly, we're sitting ABOVE the 88.6% retracement going all way the back to 2015. This is generally the best area of value to enter.
4. Second, there's a falling wedge pattern that's been forming for over a year. We are near the end of the consolidation, so except a big move coming 👀
5. Lastly, we have bullish divergence on BOTH the RSI and MACD, and all of this is happening at the 88.6% retracement mentioned in #3 above!
6. Very very easy to take a position here around $65, with a stop loss below $55. Take profits at $95, $120, and $180. 💰
7. Note, this trade will probably take some time to play out since we're looking at the weekly chart here.
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🇺🇸 #Fed#Inflation#Housing | Latest data from Apartment List confirmed that divergence between market #rents and CPI shelter is increasing.
*Figures point to a downward normalization of CPI measure in the coming months.
Regulation is coming from the SEC.
The few people that mattered who were anti regulation for crypto have now stepped aside post FTX scandal.
Be prepared for MAJOR changes in 2023.
Sam simply pushed corruption too far in the space for them to ignore it anymore.
The genius of Trump, Nigerian scammers, & bitcoin peddlers comes from realizing that there is a large untapped niche of dumb people, so dumb that the dumber your argument, the more they will fall for you.
Normal & rational people have too many inhibitions to play that game.
WATCH: Sam Bankman-Fried's first appearance since his arrest, outside the courthouse in the Bahamas, where he told a judge he wouldn’t waive his right to an extradition hearing.
A defense lawyer said he planned to fight being sent to the US https://t.co/qBgNyvFWhD
Industrial metals.. this is obviously the counter effect a of lower dollar…but also European fiscal policies should support higher prices. Remove the 2008 idea.. inflation is here to stay.