Currently, SHELL/USDT (1D) is at a critical stage after a prolonged downtrend since March. The chart clearly shows a Descending Triangle pattern, with strong support around 0.1058 – 0.1350.
Each time price dips into this zone, buyers step in for a rebound — yet sellers consistently push lower highs, forming a descending trendline. This signals the market is in a consolidation phase before a major decision: either a breakout to the upside or a breakdown to the downside.
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🔎 Pattern and Chart Structure
Main pattern: Descending Triangle (default bias = bearish).
Strong support: 0.1058 – 0.1350 (demand zone, tested multiple times).
Dynamic resistance: Descending trendline (~0.1518 now).
Key levels to watch:
Resistance: 0.1836 → 0.2047 → 0.2275 → 0.2600 → 0.3301 → 0.5941.
Support: 0.0940 → 0.0810 (if breakdown).
---
🚀 Bullish Scenario
Bullish momentum may emerge if there’s a daily close above 0.1518 with strong volume, signaling buyers breaking through the descending pressure.
Initial target: 0.1836.
Mid targets: 0.2047 – 0.2275.
Extended targets: 0.2600 → 0.3301 → potentially 0.5941 if momentum accelerates.
Strategy: Enter after breakout confirmation, stop loss below 0.1300 or below 0.1058 for full invalidation.
---
🐻 Bearish Scenario
If price fails at the trendline and instead breaks down below 0.1058 on a daily close, the descending triangle plays out as a bearish continuation.
First target: 0.0940.
Next target: 0.0810.
Strategy: Enter short/re-entry on breakdown, with stop loss above 0.1200–0.1300.
---
📌 Conclusion: “Decision Zone”
SHELL/USDT is at a critical decision zone. Buyers are defending support, while sellers continue pressing down with lower highs.
Breakout above trendline → potential trend reversal.
Breakdown below support → bearish continuation.
Traders should avoid FOMO and wait for clear confirmation (breakout or breakdown). Risk management is essential: use stop loss and proper position sizing.
---
#SHELL #SHELLUSDT #Crypto #TechnicalAnalysis #SupportResistance #Breakout #DescendingTriangle #CryptoTrading
Each time price dips into this zone, buyers step in for a rebound — yet sellers consistently push lower highs, forming a descending trendline. This signals the market is in a consolidation phase before a major decision: either a breakout to the upside or a breakdown to the downside.
---
🔎 Pattern and Chart Structure
Main pattern: Descending Triangle (default bias = bearish).
Strong support: 0.1058 – 0.1350 (demand zone, tested multiple times).
Dynamic resistance: Descending trendline (~0.1518 now).
Key levels to watch:
Resistance: 0.1836 → 0.2047 → 0.2275 → 0.2600 → 0.3301 → 0.5941.
Support: 0.0940 → 0.0810 (if breakdown).
---
🚀 Bullish Scenario
Bullish momentum may emerge if there’s a daily close above 0.1518 with strong volume, signaling buyers breaking through the descending pressure.
Initial target: 0.1836.
Mid targets: 0.2047 – 0.2275.
Extended targets: 0.2600 → 0.3301 → potentially 0.5941 if momentum accelerates.
Strategy: Enter after breakout confirmation, stop loss below 0.1300 or below 0.1058 for full invalidation.
---
🐻 Bearish Scenario
If price fails at the trendline and instead breaks down below 0.1058 on a daily close, the descending triangle plays out as a bearish continuation.
First target: 0.0940.
Next target: 0.0810.
Strategy: Enter short/re-entry on breakdown, with stop loss above 0.1200–0.1300.
---
📌 Conclusion: “Decision Zone”
SHELL/USDT is at a critical decision zone. Buyers are defending support, while sellers continue pressing down with lower highs.
Breakout above trendline → potential trend reversal.
Breakdown below support → bearish continuation.
Traders should avoid FOMO and wait for clear confirmation (breakout or breakdown). Risk management is essential: use stop loss and proper position sizing.
---
#SHELL #SHELLUSDT #Crypto #TechnicalAnalysis #SupportResistance #Breakout #DescendingTriangle #CryptoTrading
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✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน