SHELL · Market structure
SHELL market structure today
SHELL market structure on the 1h, 4h and daily charts of the Binance SHELLUSDT perpetual, recalculated every two hours from closed candles. The page also links Finora’s recent market notes on X about SHELL.
Last updated: 2 November 2026, 19:21 UTC
Market structure now
Calculated from closed candles of the Binance SHELLUSDT perpetual, last price 0.02343.
| Chart | Trend | Last swing high | Last swing low | Trend flips on | RSI 14 |
|---|---|---|---|---|---|
| 1h | Bearish | 0.02433LH · | 0.02327LL · | Close above 0.02433turns it bullish · 3.84 percent away | 41.2 |
| 4h | Bullish | 0.02588LH · | 0.02336HL · | Close below 0.02336turns it bearish · 0.30 percent away | 48.4 |
| Daily | Bullish | 0.02453LH · | 0.02012LL · | Close below 0.02012turns it bearish · 14.13 percent away | 50.7 |
Summary built from the table The timeframes disagree: the 4h and daily trends are bullish and the 1h trend is bearish. The 1h trend turned bearish with a close below 0.02477 at 20:00 UTC on 31 Oct, the 4h trend turned bullish with a close above 0.02232 at 08:00 UTC on 16 Oct, and the daily trend with a close above 0.02427 on 21 Sep. The 4h and daily lower highs and the daily lower low do not change those trends: a swing label only compares a high with the previous high, or a low with the previous low, and a trend changes only when a candle closes beyond the last swing. The nearest flip level is 0.02336 on the 4h chart, 0.30 percent from the last price; a 4h close below it would turn the 4h trend bearish.
- Last 24 hours (rolling, at calculation time): down 1.93 percent, range 0.02327 to 0.02433.
- Funding: the current rate on this perpetual is 0.0050 percent (longs pay shorts), the live estimate for the next payment at ; the contract pays every 4 hours. Funding rates across the market
- Each timeframe uses its last 250 closed candles; RSI 14 is calculated on closed candles only.
Recent swing points
- 1h: higher low 0.02378 (), lower high 0.02462 (), lower low 0.02327 (), lower high 0.02433 ()
- 4h: higher high 0.02849 (), higher low 0.02210 (), lower high 0.02588 (), higher low 0.02336 ()
- Daily: higher high 0.02901 (), higher low 0.02121 (), lower low 0.02012 (), lower high 0.02453 ()
How it is calculated: a swing high or low needs five candles on each side and is confirmed five candles later, and the trend changes only when a candle closes beyond the last swing, never on a wick. This is the same logic as the trend table on Finora’s chart images. More on reading market structure and invalidation levels, or compare the top 100 perpetuals in the market structure screener.
Recent posts on X
Short market notes from @Finora_EN, listed by chart and topic; the text is on x.com.
About this page
SHELL trades on Binance Futures as the USDT-margined SHELLUSDT perpetual, listed on 17 February 2025. By 24-hour trading volume it was the 395th busiest of the 512 Binance coin perpetuals tracked on this site when the table was last calculated.
This page counts 3 of Finora’s posts about SHELL from the last 30 days: 3 short market notes on X. The most recent ones are listed below.
There is no project profile here on purpose. This page sticks to what can be measured from the chart, and the table is rebuilt every two hours from closed candles, with the time of the last run printed above it.
How to use this page
Start with the timeframe you actually trade, then look one step up. When the 1h trend disagrees with the 4h or daily trend, as it does here, a move on the 1h chart is going against the bigger picture, and the flip level of the higher timeframe is the one that would change it. The “percent away” figure in the Trend flips on column is how far price was from each level when the table was calculated.
How Finora reads a chart explains how a read is built. Treat every number here as a note from the time printed next to it, then check the live chart before you act.
Educational content, not financial advice. The structure data is calculated automatically and can be wrong or out of date by the time you see it. Trading involves risk; you make your own decisions.