$SHELL — August still +8.89% compared to the month’s opening price
Even though the current weekly structure is weaker, the August candle of $SHELL still remains above the month’s opening level.
📊 August to date: Open: 0.0180 High: 0.0255 Low: 0.0176 Price: 0.0196 Open → current: +8.89% Volume: ~409.13M SHELL
The price has already fallen quite far from the monthly high of 0.0255, but it is still higher than the opening price of 0.0180.
This creates a notable divergence: the weekly timeframe is bearish while the monthly timeframe is still bullish.
The monthly candle still has more than half a month to complete, so the current structure is only temporary data.
#SHELL #MonthlyAnalysis #Binance
Even though the current weekly structure is weaker, the August candle of $SHELL still remains above the month’s opening level.
📊 August to date: Open: 0.0180 High: 0.0255 Low: 0.0176 Price: 0.0196 Open → current: +8.89% Volume: ~409.13M SHELL
The price has already fallen quite far from the monthly high of 0.0255, but it is still higher than the opening price of 0.0180.
This creates a notable divergence: the weekly timeframe is bearish while the monthly timeframe is still bullish.
The monthly candle still has more than half a month to complete, so the current structure is only temporary data.
#SHELL #MonthlyAnalysis #Binance