This start of a downtrend was further warranted by a sudden drop in the value. The indicator should not be used on its own to indicate down trends, however the overall indicator definitely shows a shift to oversold levels.
Finally, we can see the price (in white) higher than the stock value. Although this is also an indicator of buying, given this context it seems to be a sign that SNAP is dropping.
Odds are that this trend will create new lines of resistance and support, higher than previous lines. However, for the next coming days a downtrend seems likely.
The indicators are at the same settings as the previous two ideas on SNAP. Please check them out.
Please let me know if you have any feedback or if there is anything I missed out. I appreciate the feedback.