$SHELL - Overview 22/8: the recovery rally is gaining speed, 0.0255 is a major test
$SHELL is trading around 0.0241 to 0.0242.
Today (UTC+7): +7.08%
Rolling 24H: +11.06%
Rolling 7D: +22.22%
This week: about 15.31% higher than the weekly open
August: about 33.15% higher than the monthly open
Short-term momentum is very strong, and price has broken through several minor resistance zones across multiple consecutive sessions.
However, the D and W charts are still moving toward the old structural high area around 0.0255.
Therefore, the most reasonable interpretation at this point is that the recovery rally is accelerating strongly, but a breakout from the larger structure has not yet been confirmed.
The two nearest levels that need more data are 0.0244 and 0.0255.
#SHELL #MultiTimeframe #CryptoAnalysis #Binance
$SHELL is trading around 0.0241 to 0.0242.
Today (UTC+7): +7.08%
Rolling 24H: +11.06%
Rolling 7D: +22.22%
This week: about 15.31% higher than the weekly open
August: about 33.15% higher than the monthly open
Short-term momentum is very strong, and price has broken through several minor resistance zones across multiple consecutive sessions.
However, the D and W charts are still moving toward the old structural high area around 0.0255.
Therefore, the most reasonable interpretation at this point is that the recovery rally is accelerating strongly, but a breakout from the larger structure has not yet been confirmed.
The two nearest levels that need more data are 0.0244 and 0.0255.
#SHELL #MultiTimeframe #CryptoAnalysis #Binance