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SNAPCHAT ($SNAP) 👻 | Why Snap is More Tempting than a Cinnabon🐋 ALERT! The SNAP bulls have been giving bears no leeway recently. Not only does the chart look great as SNAP has capitalized on the lockdown, but Snapchat has also been busy improving its ad space and moving to compete with other big tech like Apple and Google (for example with Snapchat's foray into AR). Let's take a look at some levels to see if SNAP can keep popping off. Hit that 👍 button to show support for the content and help us grow 🐣 Support: The S1 S/R flip and S2 orderblock are both equally notable to SNAP bulls. A bounce at or between any of these levels would be a show of strength from the bulls. While the bulls have the S3 SR flip at the major price pivot point on their side, a test of S3 breaks the bullish market structure and thus makes this level somewhat unattractive at this point (if we get there, we'll have to see how price reacts). Resistance: The first point of resistance for the bulls is the R1 orderblock at the failed swing high and S/R flip. It would make sense for us to be rejected here while price consolidates. This would help SNAP to avoid becoming overextended. The R2 orderblock at the failed swing high range comes into play if R1 is breached. While there are other notable levels higher to discuss if we get there, first things first, a move off of R2 to consolidate onto of R1 first is a perfect move for the bulls to signal continuation higher. Here is a chart showing where these levels are coming from: Summary: SNAP's chart looks great, there is a clear path for the bulls if they want to keep this up. Since that is the case, we expect something similar to what is noted on our chart to play out. Meanwhile, we would be skeptical of any price action that didn't at least interact with our levels. After-all, running too hard and too fast could leave SNAP overextended, while not interacting with support would show real weakness. Resources: www.theguardian.com + www.searchenginejournal.com
NYSE:SNAP
by AlphaBotSystem
$NKLA Doubling Price TONIGHT? | Bullish BreakoutNikola and VectoIQ Acquisition Corp. Announce Closing of Business Combination Speculation on NKLA NASDAQ:NKLA doubling overnight if all goes well with this conference. Here's Why: - The combined company's shares to continue to be listed on Nasdaq under new ticker symbol "NKLA" THIS IS HUGE! - Nikola raises more than $700 million through the business combination and PIPE, which includes Fidelity Management & Research Company, ValueAct Spring Fund and P. Schoenfeld Asset Management LP - Raised capital expected to accelerate Nikola's production of battery-electric (BEV) and hydrogen fuel-cell electric vehicles (FCEV) - Nikola's pre-orders represent more than $10 billion in potential revenue - Nikola's hydrogen network anticipated to cover North America; set to become the largest hydrogen network in the world - Nikola adds Stephen Girsky, current CEO of VectoIQ and former Vice Chairman of General Motors Corporation, to its Board of Directors Do not trade this, I am long on NKLA DotcomJack
NASDAQ:NKLALong
by DotcomJack
11
SNAP: A Technical Approach to Snapchat 1W (Jun. 05)X Force Global Analysis: Snapchat had its IPO at $17, and started trading at $24 a share. In this analysis, we take a technical approach to SNAP, and explore its bullish probabilities. Analysis - The first thing we notice is a massive reverse head and shoulders pattern on the weekly chart - It could be said that we are currently in the middle of forming the right shoulder - Within the right shoulder, we have another reverse head and shoulders pattern - The smaller pattern should be interpreted as a bullish continuation pattern, having completed the head - The Relative Strength Index is closer to overbought levels, and the Moving Average Convergence Divergence (MACD) also shows decreasing momentum - Another leg down to complete the right shoulder is necessary for the completion of this pattern - Combining this with Elliott Wave counts, it could be said that we are seeing an Impulse Wave (12345), starting at the bottom of the smaller head - A break and close above the neckline would confirm a bullish rally What We Believe It's important to note that this analysis is a purely technical approach to the stock. Based on certain confirmations of the reverse head and shoulders pattern, we could expect a bullish rally for the long term. Trade Safe.
NYSE:SNAPLong
by XForceGlobal
Is Snap Ready to Pop? 👻 | SNAPCHAT ($SNAP)👻 SNAP just had a breakout, it has also generally been a good play during COVID, and it has some exciting news too with SNAP opening up their platform to outside developers for the first time. What we are looking for here is a long setup off a retest of this major price pivot point. Resource: www.theinformation.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- 1. Fractal Trend is showing an uptrend (Aqua colored bars) on the 3-hour timeframe. This uptrend has been true for a while now and is especially notable now that we have a breakout of the previous range. 2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua colored lines) and/or bullish S/R levels plotted by Directional Bias (Aqua colored lines). 3. The goal here is to take a long position at the S1 bullish S/R flip. This level represents SNAP retesting the previous range highs (which are themselves a reaction to the range lows back in March) before moving up. 4. Our stop loss is placed just below S1, with the logic being that if previous resistance doesn't hold as support that immediate continuation to the upside becomes very unlikely. 5. Our target is the R2 bearish orderblock cluster and gap formed back in March during the top at that point. 6. If S1 doesn't hold, then S2 and S3 offer support levels for the bulls. S2 may be able to keep the uptrend in play, while the S3 expected S/R flip is simply an important level to watch if we get there. Let's snap some cash bulls!
NYSE:SNAP
by AlphaBotSystem
Cardano (ADA:BTC) AB=CD long trade.Bull Flag setup Trade. Hidden bullish divergence of the pRSI (main oscillator) of my PRISM Oscillators Set have emerged; with momentum entering the positive -- pulled up by the positive and increasing AJ-Ribbon with Snap lingering in the positive. AB=CD confluent with 161.8% Fib extension level. Also, BUY signal triggered on CYBER ENSEMBLE on the 1hrly chart! Caution: 21 EMA crosses below the 50 SMA on the 15 mins. However not a significant issue unless confirmation of this on the higher timeframes (i.e. 30 mins and 1 hrly). Setting stop-loss accordingly below the 61.8% Fib with volatility factored in. Note: The thick purple lines are the VPVR support/resistance levels. I know the chart is cluttered. I only have one screen and this is how I like to analyse my chart, where all the relevant details are in view together; so that I won't over-focusing on any particular one of them.
Long
by cybernetwork
1