SNAP SHORTI see a head and shoulders. Waiting on increasing volume confirmation.
Not an adviser just what I see.
Snapback
SNAPSNAP if forming a Double Bottom and also have a strong support zone and also at RSI now oversold.
For everyone that is interested to invest on SNAP in Long or Short term the entry is 13.81$
-For Short term: Exit at 12$ and profit at 20$.
-For Long Term: Exit at 11$ and profit at 28$
ETHBTC - potential bottom area of the downtrendWe have a high probability of a reversal here given the mining reward halved on ETH -> less supply could spark some upside
Shitcoin: OMGUSD - SnapbackMiddle probability for the snapback to the mean - nice R/R given the snapback strength potential
SNAP LT $21 ST $18 | Strategy TradeThis is completely experimental and for research purposes only, this trade will only be followed by myself. I need to have a public store of all experiments to publicly track progress over long periods of time.
Equal move (=1) making an expanding triangle pattern. This will complete at either two buy points indicated with the lower green boxes.
Both areas are valid areas of interest, use stops or risk management accordingly. Personally I use low non-variable quantity purchases with no stop in order to spread risk.
Experimental cross trend support from initial offering, somewhat trying to seek a new pattern similar in mechanics to a falling wedge or triangle.
Areas of interest based on market inefficiency theory, price tests areas of missing price action.
Indicators:
RSI - Period: 14 - Close
OBV
Volume - Period: 1
Long term target for up to 2 years is $21. If Snapchat become profitable and sustain growth overtime, share price may exceed $21/share up to 10x initial investment below $13. However if Snapchat fails these shares will be forfeit unless sold prior to liquidation.
Inherently a company which doesn't currently turn profit is a high risk investment, all care should be taken to lower risk as much as is feasible.
SNAP falling wedge in RSI and price - breakout today in at 13.5xAfter so many days of red we have finally broken out of the rapid down trendline. This could be a DCB - resistance and support marked. No fear with a strict plan.
Ideal target ~16s (upper red down-trend line) to re-assess whether or not it'll break out of the medium-term down trend.
ACCO Snap-back longChart speaks for itself. The sector has been on pause of late...but could resume moving any time.
UCSGEARS' snapback application to VixI came up with this based on one of Tim West's publications from today.
It seems that this indicator produces some really high quality signals when applied to the Vix itself, to trade S&P500 futures.
Check it out, maybe you can come up with other variations of this technique.
Seems like something I'd like to try asap.
Good luck,
Ivan.
