SNAP Price Analysis
Right now the price as seen by the current candle on the daily chart. Expresses lots of trader indecision as to where the price is going next.
The bulls are buying it up at about 13.70-13.90 and the bears are selling it back at the 14.20-14.50 price levels.
ADX is still bullish and the Stochastic RSI and TRIX are in overbought territory with no new buy signals.
We still have the Kijun and Tenkan acting as support with the price stuck between these two and the bearish kumo.
I see a possible pull back happening to $13~ before continued momentum upward.
The ascending channel is well respected and you would have to quite bias to force a rising wedge into this price pattern.
The bulls are buying it up at about 13.70-13.90 and the bears are selling it back at the 14.20-14.50 price levels.
ADX is still bullish and the Stochastic RSI and TRIX are in overbought territory with no new buy signals.
We still have the Kijun and Tenkan acting as support with the price stuck between these two and the bearish kumo.
I see a possible pull back happening to $13~ before continued momentum upward.
The ascending channel is well respected and you would have to quite bias to force a rising wedge into this price pattern.
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Join The Spekre ACS Creator Pool and gain access to exclusive trading indicators, copy trading, exclusive content, and more tools in the future! Link: hub.accessprotocol.co/creators/J8TpW6cypxheFUYjWn4mxS6ExvBEMxyMiRvrf43Nhnvy
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.