PayPal (PYPL): Could it Adopt the Cryptos?

in #money6 years ago

SUMMARY

Paypal (PYPL) has completed a five wave up sequence as shown in below chart. The subwaves of white wave 3 confirms that the five impulse is likley finished. Elliott Waves states that after five waves, there is a requisite correction. The correction started back in January and from the looks of it, it'll be a bit complex. the downward pointing bull flag is the current leading pattern potential.

If you look at the MACD, it's giving oversold status. This means that price is likely to swing up but not as a trend reversal. It'll probably still be contained by the upper white flag line. The sequence of the correction will probably be an abcde of which a,b,c are complete. Once complete, a sizable breakout is expected and perhaps that could jive with an Paypal being an early adopter of Cryptocurrencies for mass commercial payment platform. Hmm, news or events shall arrive to justify the forecast.

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It would probably be a major operation for them too 'refactor' their architecture into something that accommodate crypto.

I just don't see why they would go through all of that trouble.

You got a 18.18% upvote from @botcoin courtesy of @infoslink!

Crypto makes paypal redundant. You should try microsoft paint for your TA.

According to a recent patent filing, Paypal Inc. is developing a new protocol that will make crypto transactions faster — great news for Bitcoin and other digital currencies. Published last week, the patent details a new system that would transfer private keys outside of the blockchain to speed up transactions. Such off-chain solutions have been hailed by the likes of Microsoft as a solution to speeding up cryptocurrencies.

Crypto name is PayPal ?

WTF ?

You can't buy any crypto with paypal LOL :D

It would be great if PayPal could get crypto to the every day user. Gains would be incredible!

At this point lets face it, the 'financiers' are spreading as much fud as possible to slow the adoption of cryptos until they are in good positions themselves or have integrated their own products into the crypto markets. They know they are way behind and thus are fighting like the trapped animals they are to get into the game before they get left in the dust.

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