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One of the most favoured social media apps overtook Twitter and SNAPS recently had an explosive move upwards.
However, for the past 3-4 months, price seems to be getting ready for a distribution phase that disguise into potential head and shoulder topping pattern.
If and only if price breaks below neckline, the target price by project could be around 42.4.
As you know nothing is going to be absolute and always give some buffer for price to dip lower, a zone of 35 - 42.4 will be a massive accumulation zone in my opinion.
Will it ever get that low? No one knows. But let time be the litmus test.
Kindly do your own D.D.
Cheers
J
One of the most favoured social media apps overtook Twitter and SNAPS recently had an explosive move upwards.
However, for the past 3-4 months, price seems to be getting ready for a distribution phase that disguise into potential head and shoulder topping pattern.
If and only if price breaks below neckline, the target price by project could be around 42.4.
As you know nothing is going to be absolute and always give some buffer for price to dip lower, a zone of 35 - 42.4 will be a massive accumulation zone in my opinion.
Will it ever get that low? No one knows. But let time be the litmus test.
Kindly do your own D.D.
Cheers
J