We have been patient waiting for $PYPL to run and although it is up 17-18% since its low.....we have witnessed $SQ run very aggressively and feel that $PYPL offers more in terms of value and expect $PYPL to do something similar. $SOFI bulls probably feel the same way.
I have been watching this ascending triangle forming, marked by consist higher lows since $53, the price has tested the $60 level a number of times lately but like $ABNB and $RIVN, we want this resistance line to get weaker the more it is tested, this is possible.
A break and hold above $60 and Wave 3 is our next target at $64.
I believe $PYPL gets back to the red trend line in the short term with little issues.