The decline seems to be over. The Ichimoku and the range support have held and the correction is gaining momentum.
It seems tobe a range trading now but the pressure is to the downside. Besides the previous low I don't see a serious support.
After a triple top we twice retested the MA and probably will head down again now.
The correction has been completed and the rise was impressive. This is a good sign for more.
The bottom of the channel had been violated but held finally. This is a good supportive sign.
There is no overbought situation. MACD and RSI have still momentum.
The supports are holding and we are looking forward for a larger upward correction.
SNAP left an impressive rise behind and has tried a downward correction to close the window, but failed to succeed. Usually this should be followed by anoter attempt. But now we are within a wave to correct the correction first.
The rise has been retraced now and the price may decline further.
We have just reched a new low after a week of bottom building. And as the overall trend is still headed downward, we may see further lows.
The impressing rise is calling for more. As thelatest round of February has been retraced now by almost 50 % the way for the next one may be cleared.
After the little crash yesterday we may expect a corrective rise today.
After the recreation from the fall we may see a retest of the former top to establish a trading range.
The share retraced the 61,8 %. In an uptrend this may be a good chance to buy.
The price itself and the indicators are in favour of a new rise. Whether it will be a real rise or just an upward fluctuation - let's see.