Shopify SHOP tests the 4-year macro support! Shopify has been one of the most consistent performers in the e-commerce sector, but it is currently facing a major technical crossroads. On the weekly chart, SHOP has spent the last four years carving out a massive ascending channel, and we are currently testing the most important part of that pattern: the support at $110. We are currently sitting at roughly $118, which represents the lower boundary of this multi-year channel. Over the past four years, this lower boundary has acted as a "Golden Floor." Every time the price has touched this line, the "weak hands" have exited, and the long-term bulls have stepped in to drive the next leg up. For this bullish structure to stay valid, the $110 support must hold on a weekly closing basis. A break below $110 would signal a fundamental shift in the trend. If the channel holds as it has historically, the risk-to-reward ratio becomes very compelling: • Target 1 (The Mid-point): A rebound toward $180. • Target 2 (The Channel Top): A long-term expansion toward $255.(Ali Charts)