$SHELL – What are the Bollinger Bands showing?
On the D1 frame of $SHELL , there are some technical signals to keep an eye on. With the current price hovering around 0.0307, SHELL is moving within the middle band (0.0341) and the lower band (0.0278) of the Bollinger Bands indicator.
This state indicates that the price is gradually sliding towards the lower band. The previous uptrend has fizzled out as the RSI quickly dropped from 81 to 43. At the same time, the MACD histogram has turned negative, confirming that selling pressure is dominating in the short term.
The 0.0278 (Lower Band) zone serves as a crucial support barrier. If the price hits this zone and buying pressure emerges, SHELL could rebound back to the middle axis. Conversely, if it breaks below 0.0278, the downtrend will likely continue.
#Binance #SHELL #ETHEarn #BinanceEarn #Crypto
This is not financial advice. Always DYOR.
On the D1 frame of $SHELL , there are some technical signals to keep an eye on. With the current price hovering around 0.0307, SHELL is moving within the middle band (0.0341) and the lower band (0.0278) of the Bollinger Bands indicator.
This state indicates that the price is gradually sliding towards the lower band. The previous uptrend has fizzled out as the RSI quickly dropped from 81 to 43. At the same time, the MACD histogram has turned negative, confirming that selling pressure is dominating in the short term.
The 0.0278 (Lower Band) zone serves as a crucial support barrier. If the price hits this zone and buying pressure emerges, SHELL could rebound back to the middle axis. Conversely, if it breaks below 0.0278, the downtrend will likely continue.
#Binance #SHELL #ETHEarn #BinanceEarn #Crypto
This is not financial advice. Always DYOR.