$SNAP turned out as expected in a corrective wave and with Wave Z of a corrective wave ending high, it is usually met with 5 waves down and that is what we are seeing here.
Very similar to the $COIN chart too.
50 and 200 Day MA have been lost too and we will start to see the 50 day MA move down through the 200 Day MA very shortly.
Likely in Wave 4 now before pulling back further to complete Wave 5.
Eric Gammarino
2023-08-22 18:10:51 +0000 UTC