On June 5, we highlighted opportunity in PayPal (SYM: PYPL).
We noted, “After slipping to $60.72, the stock is just starting to pivot higher. It’s also just starting to pivot from over-extensions on RSI, MACD and Williams’ %R. From its last traded price of $63.46, we’d like to see it initially retest $67 a share.”
At the time, PYPL traded at about $63. Today, just a couple days later, it’s up to $67.62.
Anyone that jumped into the stock may now want to consider taking wins. Not only is PYPL now challenging triple-top resistance, but it’s also starting to get a bit overbought on RSI and Williams’ %R. All of which tells us a pivot lower may be nearing.
![🧐 In this video, Dylan discusses a recent Bloomberg article that sheds light on the hidden dynamics within the crypto market.
[Bloomberg Article - https://www.bloomberg.com/news/articles/2024-05-15/crypto-deals-kol-investors-get-big-valuation-discounts]
From influencers to financial gurus, many key opinion leaders (KOLs) are being paid handsomely to promote certain cryptocurrencies, often leading to classic pump-and-dump schemes.
🚨 Buyer Beware: If you're investing in crypto, it's crucial to understand the game being played. As Dylan's grandfather used to say, "If you don't know who the patsy at the table is, you're the patsy." This timeless advice is more relevant than ever in today's volatile crypto landscape.
📈 Whether you're a seasoned investor or new to the crypto space, this video offers essential insights to help you navigate these murky waters. Dylan is not here to debate the legitimacy or utility of cryptocurrencies but to ensure you are aware of the tactics used to manipulate the market.
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