SHOP - Rising Trend Channel [MIDTERM]
- SHOP is in a rising trend channel in the medium long term.
- An inverse head and shoulders formation is under development.
- A decisive break of the resistance at 57.16, ideally with an increase in volume, signals a further rise.
- SHOP has given a positive signal from the inverse head and shoulders formation by a break up through the resistance at 44.
- SHOP is between support at 42 and resistance at 53.
- The RSI curve shows a rising trend, which supports the positive trend.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
- An inverse head and shoulders formation is under development.
- A decisive break of the resistance at 57.16, ideally with an increase in volume, signals a further rise.
- SHOP has given a positive signal from the inverse head and shoulders formation by a break up through the resistance at 44.
- SHOP is between support at 42 and resistance at 53.
- The RSI curve shows a rising trend, which supports the positive trend.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
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For more info:
Threads: threads.net/@wavepoint99
Telegram: t.me/Wel_99
TradingView: bit.ly/43y7zC6
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For more info:
Threads: threads.net/@wavepoint99
Telegram: t.me/Wel_99
TradingView: bit.ly/43y7zC6
Twitter: twitter.com/wavepoint99
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