SUSHI has re-tested the ascending channel support level and it held well despite the significant drop in the overall market early this week.
Now that we made this support, volume on this leg up has been sustained and looking good!
The indicators are also bullish, MACD and RSI are raising nicely.
Right now we have a resistance level just above price which I don't expect to hold us down for long as any further push will take price above it which will clear the path to re-test the ATH level again.
My bias remains bullish for now or until we break this ascending channel which has held the price above it for over 4 months.
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Now that we made this support, volume on this leg up has been sustained and looking good!
The indicators are also bullish, MACD and RSI are raising nicely.
Right now we have a resistance level just above price which I don't expect to hold us down for long as any further push will take price above it which will clear the path to re-test the ATH level again.
My bias remains bullish for now or until we break this ascending channel which has held the price above it for over 4 months.
Like and follow if you liked this idea! Also join my crypto community to stay in touch and watch my technical analysis videos on YouTube. :)
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