$SHELL - August 22 overview: recovery is accelerating, 0.0255 becomes the major test
$SHELL is currently trading around 0.0241 to 0.0242.
Today, UTC+7: +7.08%
Rolling 24H: +11.06%
Rolling 7D: +22.22%
Current week: about 15.31% above the weekly open
August: about 33.15% above the monthly open
Short-term momentum is very strong, and price has cleared several smaller resistance areas over the past few sessions.
However, both the daily and weekly charts are now approaching the previous major structural high around 0.0255.
For now, the most reasonable interpretation remains that the recovery is accelerating strongly, while a breakout from the larger structure has not yet been confirmed.
The nearest levels requiring more data are 0.0244 and 0.0255.
#SHELL #MultiTimeframe #CryptoAnalysis #Binance
$SHELL is currently trading around 0.0241 to 0.0242.
Today, UTC+7: +7.08%
Rolling 24H: +11.06%
Rolling 7D: +22.22%
Current week: about 15.31% above the weekly open
August: about 33.15% above the monthly open
Short-term momentum is very strong, and price has cleared several smaller resistance areas over the past few sessions.
However, both the daily and weekly charts are now approaching the previous major structural high around 0.0255.
For now, the most reasonable interpretation remains that the recovery is accelerating strongly, while a breakout from the larger structure has not yet been confirmed.
The nearest levels requiring more data are 0.0244 and 0.0255.
#SHELL #MultiTimeframe #CryptoAnalysis #Binance