$SHELL ⚡🌼Quick Update 🌼⚡🎯 Targets 🎯witnesses a strong upward wave with encouraging technical signals. Current opportunities can be leveraged while closely monitoring 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. 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 overbought territory but has not yet reached it, 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 could 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 below $0.1936.
- Take profit at $0.2333** or wait in case this level is surpassed.
Warnings:
- The RSI is close to the overbought area, which could lead to a correction if it surpasses 70.
#SHELL🚨 #BinanceAlphaPoints $ETH