$SHELL ⚡🌼Quick Update 🌼⚡🎯 Goals 🎯is witnessing a strong upward wave with encouraging technical signals. Current opportunities can be leveraged while closely monitoring the indicators for risk management.
Recent performance:
- Current price: $0.2149 (up 19.26%)
- Highest price today: $0.2333
- Lowest price today: $0.1764
Key points:
1. The overall trend is upward with a significant price increase, indicating strong buying momentum.
2. The moving averages confirm the upward trend:
- The short-term average (7 days) is above the medium average (25 days) and the long-term average (99 days), which is a positive buying signal.
3. The Relative Strength Index (RSI) is at 67.19, indicating that the pair is approaching the overbought zone but has not reached it yet, leaving room for further upward movement.
4. **MACD indicator** is positive, as the signal line (DIF) is above the baseline line (DEA), supporting the continuation of the upward trend.
Important levels:
- Upward target: $0.2333 (if surpassed, it may rise to $0.25).
- Immediate support: $0.2078 (if the price drops below this level, a correction may begin).
Proposed strategy:
- Buy at support ($0.2078 - $0.2149) with a stop loss placed below $0.1936.
- Take profit at $0.2333** or wait in case this level is surpassed.
Warnings:
- The RSI indicator is close to the overbought zone, which may lead to a correction if it exceeds 70.
