V or W restart on paypal? watch out next week!
This analysis is meant to make investors and traders aware that from Monday or Tuesday onwards there could be a significant retracement of the price.
There is still time to go up (best case scenario), but the monthly time frame is starting to run out.
From Monday/Tuesday onwards there will be 7 days to keep going up (16%) versus 37 days to go down (84%).
The strength of the retracement will have to be monitored over time.
Although it is the least likely possibility, we can not exclude a return of the price around 50 dollars, it is too early to consider terminated the multi year downtrend.
There is still time to go up (best case scenario), but the monthly time frame is starting to run out.
From Monday/Tuesday onwards there will be 7 days to keep going up (16%) versus 37 days to go down (84%).
The strength of the retracement will have to be monitored over time.
Although it is the least likely possibility, we can not exclude a return of the price around 50 dollars, it is too early to consider terminated the multi year downtrend.
If this is broken within the next 2/3 days, we will see again the price going down at least till end of the week.
A check point for the raise is the price level at 56,72 dollars.