Ebay Wave Analysis 5 March 2024

– Ebay broke multi-month resistance level 49.30

– Likely to rise to resistance level 52.00

Ebay continues to rise sharply after the price broke through the major multi-month resistance level 49.30 (which reversed the price in the middle of last year).

The breakout of the resistance level 49.30 continues the active impulse wave 3 of the intermediate impulse sequence (C) from January.

Given the clear daily uptrend, Ebay can be expected to rise further toward the next major resistance level 52.00 (which stopped the daily uptrend in February of 2023).