SHELLUSDT – Major Breakout Incoming? Time to Catch the Explosive🔍 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.
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📐 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.
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🚀 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.
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📉 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.
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🔥 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!
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📊 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)
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📢 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!
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