Snaplong
Can SNAP reclaim this channel?$SNAP 2HR.... Watching for price to reclaim uptrend channel and a possible reversal to retest ATH, could see a possible move to 65 and if volume is low we could see a sell off and back to previous lows, possible double bottom at 51.38 under that strong demand near 48.20... if we break that I'm seeing an overall move to my wave c target at 43. Now if we see higher lows begin to form and we reclaim that channel I can see a retest to 73.18 and ATH breakout to 95. Perfect short and long opportunity for short term option traders, liquid option contracts and decent premiums.
SNAP, Breakout But ...NYSE:SNAP has breakout today. Next resistance could be around 62-64. But it has earning report on 4th AH. So play if long on this.
Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational purposes only. All advice is based on technical and my own opinion.
Snapchat Long - Back to $25 IPO Open Price To Save The RetailersTwitter got dumped when Trump called them out and it just rebounded like a monster. Snapchat bears looking to take this down at the open but what they don't realize is that they criticized Trump after the close. Trump won't have time to criticize Snapchat after all the backlash that he got. Bears will get squeezed and take us to IPO open price and beyond. Inverse head and shoulders with throwback. If you missed Zoom's inverse head and shoulder with throwback into pump to all time highs then here is your chance to redeem yourself. Enjoy!
SNAP; Will We Be Screenshoting this Long Play?✨ We provide charts every day ✨
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Let's go family! Breakaway Scalper moves have worked well recently. We are currently looking for a long signal entry from Breakaway Scalper (Green bar color) if the uptrend from Fractal Trend can continue to stay strong and confirmed (Green background).
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STRATEGY USED:Momentum Mover
Trend Confirmation = Fractal Trend
Entry Signal = Breakaway Scalper
Exit Signal = Breakaway Scalper OR Orderblock Mapping
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1. Fractal Trend is showing an uptrend (Green background color) for SNAP on the 1 hour chart.
2. Price has broken above the channel and is now consolidating on top of it.
3. We are currently looking for a long signal entry from Breakaway Scalper (Green bar color) if the uptrend from Fractal Trend can continue to stay strong and confirmed.
5. If we do get a breakout to the upside will be looking to see how price reacts at R1 - R3 resistance.
6. If we go lower we will look for reactions at S1 and S2 support.
#SNAP is projected to hit 25 dollars#SNAPCHAT (#SNAP) 12-month price forecasts for Snap Inc have a median target of 20.00, with a high estimate of 25.00 and a low estimate of 10.00. The median estimate represents a +98.12% increase from the last price of 10.07.
Oh SnapNote: All of what I claim below is simply the way I perceive the market. I am not certain nor do I suggest you take my advice without first taking into consideration what I have said. Whatever you do, be critical of what everyone claims. Those who claim certainty in these markets tend to get hurt the most.
Observations:
Snap was publically listed on the Cboe BZX exchange on February 27th, 2017. Since this time, the price has been on the decline. But on May 13th, 2019, price action broke above the major diagonal downward trendline A, suggesting that sentiment had reversed.
I believe Snap is currently in an overall uptrend until it breaks below the point in which it broke out of ($12.48 to be exact). Therefore, I have highlighted the major support level D as a region where if price reaches, may bounce off of.
If price breaks below this point, I can only imagine there will be more pain to come.
I personally believe that smaller trends can be found within larger trends. As you can see in the above image, Price broke out strongly from trendline A, forming the upward trendline C.
Now look at how the price broke below trendline C and began to form a falling wedge. I expect some more consolidation within this pattern and then a continuation up towards the resistance trendline B. I’ve chosen this spot as a target because price action resisted harshly from it once before.
Thank you for reading,
Have a nice day!