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%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.