$SHELL - Overview for the morning of 23/8: resistance at 0.0255 responded clearly
After several consecutive recovery days, $SHELL finally tested the old peak zone.
High 24H: 0.0259
Current: around 0.0234
Rolling 24H: around +0.86%
Rolling 7D: +13.59%
The price broke above 0.0255 during the session, but failed to hold the breakout and fell back below this zone.
This morning, 0.0230 to 0.0234 is the price area being temporarily held. Above it, 0.0240 to 0.0242 is the area that needs to be reclaimed before we can assess the next test of 0.0255 to 0.0259.
The recovery wave has not been erased, but the reaction at the top indicates that the larger structure still needs further confirmation.
#SHELL #MarketUpdate #CryptoAnalysis #Binance
After several consecutive recovery days, $SHELL finally tested the old peak zone.
High 24H: 0.0259
Current: around 0.0234
Rolling 24H: around +0.86%
Rolling 7D: +13.59%
The price broke above 0.0255 during the session, but failed to hold the breakout and fell back below this zone.
This morning, 0.0230 to 0.0234 is the price area being temporarily held. Above it, 0.0240 to 0.0242 is the area that needs to be reclaimed before we can assess the next test of 0.0255 to 0.0259.
The recovery wave has not been erased, but the reaction at the top indicates that the larger structure still needs further confirmation.
#SHELL #MarketUpdate #CryptoAnalysis #Binance