$PYPL - Things could be turning up

PYPL Paypal is trading inside a descending wedge. It looks like things may be turning up for PayPal.

There are multiple patterns at play:

✅Inverse head and shoulder
✅Multi-year descending wedge
✅Near-term descending wedge breakout

The $60 to $64 area would be a critical resistance area, as it is the area where multiple factors are working against the bulls:

✅POC volume profile resistance
✅50 DMA
✅200 DMA
✅Wedge trendline resistance.

So if the bulls can clear that resistance area, the stock can run to as high as $80 area.

Here are upside targets:
$62.50 - $64
$66
$72
$80

Downside risk:
$53