SNAP is snuggled up to that 200 day ema, if she loses it I don't see any reasonable support other than our whole and half dollar marks (10.50 / 10.00). SNAP has had a decent run recently so what we're seeing could just be a fair ABC correction. The current setup looks bearish as is and could have possibly broken that wedge at the close of this day, but tomorrow will be the confirmation if that's the case. It could have just been a result of the market as a whole taking a gnarly dip - maybe a positive rebound will prop it up, but personally, I don't think that will be the case.
Setting first and 2nd price targets just a few ticks above the whole and half dollar
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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.