$SHIB $SHIB The $SHIB /USDT pair is currently trading at $0.00001730, up 2.73% in the past 24 hours. The chart shows a clear bullish trend with the price breaking above the 20-day moving average (MA) and forming a higher high.

Support and Resistance:

Resistance: $0.00001746 (24h high), $0.00001957 (depth)

Support: $0.00001639 (24h low), $0.00001619 (depth)

Entry Signal:

A potential entry signal could be a retest of the broken 20-day MA around $0.00001713. If the price finds support at this level, it could be a good opportunity to buy with a stop-loss below the recent swing low around $0.00001639.

Disclaimer:

This analysis is for informational purposes only and should not be considered financial advice. Please do your own research before making any investment decisions.

Additional Notes:

The Bollinger Bands are contracting, indicating a potential period of low volatility.

The RSI is overbought, suggesting that the price may be due for a correction.

The MACD is bullish, with the MACD line crossing above the signal line.

Overall, the technical indicators point to a bullish outlook for SHIB/USDT in the short term.#USElections2024Countdown #NovemberMarketAnalysis #OctoberCryptoFundingSurge