SUSHI/USD - New ATH set - bullish still!
SUSHI has set a new ATH today at $20.7. Impressive.
There is a lot of strength behind SUSHI and this will not vanish any time soon. RSI on daily has been hovering above 50 for months - this is very bullish.
There is no reason to be bearish on SUSHI at this time and until we break this ascending channel and drop on daily RSI under 50, I see no reason to be concerned.
Today we got rejected from our ATH pretty quickly, mostly because BTC decided to take a break in its ascent. Nevertheless, after this correction is over and we touch our support line, we should push higher.
We did hover in this range between $13 and $20 for some time now. So keep a close eye on how this will resolve. A breakout will likely trigger a significant reaction in price.
Bias remains bullish for now. But watch BTC as it will set the tone.
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There is a lot of strength behind SUSHI and this will not vanish any time soon. RSI on daily has been hovering above 50 for months - this is very bullish.
There is no reason to be bearish on SUSHI at this time and until we break this ascending channel and drop on daily RSI under 50, I see no reason to be concerned.
Today we got rejected from our ATH pretty quickly, mostly because BTC decided to take a break in its ascent. Nevertheless, after this correction is over and we touch our support line, we should push higher.
We did hover in this range between $13 and $20 for some time now. So keep a close eye on how this will resolve. A breakout will likely trigger a significant reaction in price.
Bias remains bullish for now. But watch BTC as it will set the tone.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
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