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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