🔍 Overview:
SHELL/USDT is approaching a critical breakout point after forming a large Symmetrical Triangle pattern since early May. Price has been coiling within this triangle, forming a tight squeeze between higher lows and descending resistance – a textbook setup for a high-volatility breakout.
This pattern is highly significant due to its large base structure and multiple confirmations from both trendlines, signaling that a big move may be imminent.
---
📐 Technical Pattern: Symmetrical Triangle + Fibonacci Cluster Support
The Symmetrical Triangle suggests market indecision between buyers and sellers, but pressure is building rapidly.
Strong Fibonacci confluence zone at:
0.5 @ $0.1629
0.618 @ $0.1558
This area acts as a major demand/support zone, having held firm multiple times.
The ascending support line from below shows gradual accumulation and strengthening buyer confidence.
---
🚀 Bullish Scenario (High Breakout Potential):
If price breaks above the descending triangle resistance, we could see a powerful move with clear upside targets:
✅ TP1: $0.2047 (minor local resistance)
✅ TP2: $0.2275 (previous rejection zone)
✅ TP3: $0.2400 (psychological level)
✅ TP4: $0.2600 (former supply zone)
✅ TP5: $0.3301 (measured move from triangle height)
✅ TP6: $0.5941 (long-term resistance)
📈 A confirmed breakout could trigger a mid-to-long-term trend reversal, especially if supported by volume and momentum.
---
📉 Bearish Scenario (Invalidation Risk):
On the flip side, if the price fails to break above and instead breaks below the triangle, then we might revisit key supports:
❌ Support 1: $0.1629 (Fib 0.5)
❌ Support 2: $0.1558 (Fib 0.618)
❌ Support 3: $0.1350 (previous consolidation zone)
❌ Support 4: $0.1077 (major swing low)
📉 A breakdown would negate the bullish triangle and could return price into an extended accumulation or downtrend phase.
---
🔥 Conclusion & Strategy:
SHELL is at the tip of the triangle, and a decisive move is expected soon. With volume gradually increasing and a healthy higher-low structure, all eyes are on whether it can break above resistance.
👉 For breakout traders: Watch for a close above the trendline with volume confirmation.
👉 For swing traders: The $0.1558 – $0.1629 range offers an ideal low-risk entry zone.
This breakout could mark the beginning of a strong reversal trend after months of decline. Don't miss this potential early entry opportunity!
---
📊 Key Levels Recap:
Strong Support Zone: $0.1629 – $0.1558
Breakout Trigger: ~$0.1842
Bullish Targets: $0.2047 → $0.2275 → $0.2400 → $0.2600 → $0.3301
Invalidation / Stop-Loss: Below $0.1558 (triangle breakdown)
---
📢 Final Note:
> "The bigger the base, the higher the breakout space."
SHELL is building a powerful base. If the breakout confirms, it could be the start of something big. Stay alert and prepare to ride the wave!
#SHELLUSDT #CryptoBreakout #AltcoinSetup #SymmetricalTriangle #FibonacciSupport #CryptoReversal #BullishChart #AltcoinWatchlist
SHELL/USDT is approaching a critical breakout point after forming a large Symmetrical Triangle pattern since early May. Price has been coiling within this triangle, forming a tight squeeze between higher lows and descending resistance – a textbook setup for a high-volatility breakout.
This pattern is highly significant due to its large base structure and multiple confirmations from both trendlines, signaling that a big move may be imminent.
---
📐 Technical Pattern: Symmetrical Triangle + Fibonacci Cluster Support
The Symmetrical Triangle suggests market indecision between buyers and sellers, but pressure is building rapidly.
Strong Fibonacci confluence zone at:
0.5 @ $0.1629
0.618 @ $0.1558
This area acts as a major demand/support zone, having held firm multiple times.
The ascending support line from below shows gradual accumulation and strengthening buyer confidence.
---
🚀 Bullish Scenario (High Breakout Potential):
If price breaks above the descending triangle resistance, we could see a powerful move with clear upside targets:
✅ TP1: $0.2047 (minor local resistance)
✅ TP2: $0.2275 (previous rejection zone)
✅ TP3: $0.2400 (psychological level)
✅ TP4: $0.2600 (former supply zone)
✅ TP5: $0.3301 (measured move from triangle height)
✅ TP6: $0.5941 (long-term resistance)
📈 A confirmed breakout could trigger a mid-to-long-term trend reversal, especially if supported by volume and momentum.
---
📉 Bearish Scenario (Invalidation Risk):
On the flip side, if the price fails to break above and instead breaks below the triangle, then we might revisit key supports:
❌ Support 1: $0.1629 (Fib 0.5)
❌ Support 2: $0.1558 (Fib 0.618)
❌ Support 3: $0.1350 (previous consolidation zone)
❌ Support 4: $0.1077 (major swing low)
📉 A breakdown would negate the bullish triangle and could return price into an extended accumulation or downtrend phase.
---
🔥 Conclusion & Strategy:
SHELL is at the tip of the triangle, and a decisive move is expected soon. With volume gradually increasing and a healthy higher-low structure, all eyes are on whether it can break above resistance.
👉 For breakout traders: Watch for a close above the trendline with volume confirmation.
👉 For swing traders: The $0.1558 – $0.1629 range offers an ideal low-risk entry zone.
This breakout could mark the beginning of a strong reversal trend after months of decline. Don't miss this potential early entry opportunity!
---
📊 Key Levels Recap:
Strong Support Zone: $0.1629 – $0.1558
Breakout Trigger: ~$0.1842
Bullish Targets: $0.2047 → $0.2275 → $0.2400 → $0.2600 → $0.3301
Invalidation / Stop-Loss: Below $0.1558 (triangle breakdown)
---
📢 Final Note:
> "The bigger the base, the higher the breakout space."
SHELL is building a powerful base. If the breakout confirms, it could be the start of something big. Stay alert and prepare to ride the wave!
#SHELLUSDT #CryptoBreakout #AltcoinSetup #SymmetricalTriangle #FibonacciSupport #CryptoReversal #BullishChart #AltcoinWatchlist
✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
✅ 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.
✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
✅ 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.