$SHELL — From 0.0200 to 0.0230: the weekly range has expanded significantly
The current week for $SHELL has recorded:
Open: 0.0209
Low: 0.0200
High: 0.0230
Current: 0.0226
From the weekly low of 0.0200 to the weekly high of 0.0230, the range has expanded by roughly 15%.
Meanwhile, the current price remains only about 1.7% below the weekly high.
This shows that most of the recovery from the weekly low is still being retained after the August 21 session.
However, 0.0230 has already produced a visible price reaction, so more data is needed to determine whether it is only short-term resistance or the upper boundary of a new trading range.
#SHELL #WeeklyRange #MarketStructure #Binance
The current week for $SHELL has recorded:
Open: 0.0209
Low: 0.0200
High: 0.0230
Current: 0.0226
From the weekly low of 0.0200 to the weekly high of 0.0230, the range has expanded by roughly 15%.
Meanwhile, the current price remains only about 1.7% below the weekly high.
This shows that most of the recovery from the weekly low is still being retained after the August 21 session.
However, 0.0230 has already produced a visible price reaction, so more data is needed to determine whether it is only short-term resistance or the upper boundary of a new trading range.
#SHELL #WeeklyRange #MarketStructure #Binance