$SHELL — On 21/8, the candle closed at 80% above the entire daily range
The 21/8 session of $SHELL c has the following range:
Low: 0.0210
High: 0.0230
Close: 0.0226
Considering the full range 0.0210–0.0230, the closing price is located around 80% above the range.
This suggests that most of the intraday upward move has been retained up to the time the candle closed rather than being completely retraced.
The distance from the 0.0230 high down to the close 0.0226 is only about 1.74%.
However, the appearance of a reaction at 0.0230 indicates that this area has not been fully broken through yet.
The next day’s candle will provide more data on the ability to hold the new price zone.
#SHELL #Candlestick #TechnicalAnalysis #Binance
The 21/8 session of $SHELL c has the following range:
Low: 0.0210
High: 0.0230
Close: 0.0226
Considering the full range 0.0210–0.0230, the closing price is located around 80% above the range.
This suggests that most of the intraday upward move has been retained up to the time the candle closed rather than being completely retraced.
The distance from the 0.0230 high down to the close 0.0226 is only about 1.74%.
However, the appearance of a reaction at 0.0230 indicates that this area has not been fully broken through yet.
The next day’s candle will provide more data on the ability to hold the new price zone.
#SHELL #Candlestick #TechnicalAnalysis #Binance