SUSHI - Due for a PAMP
Sushi has been trading sideways for almost a year now. It had quite a lot of bad news in 2022, but most of that seems to have been left behind. Despite the sideways price action throughout all of 2022, the RSI seems to be rising steadily now. It is still under the long term trendline in red, but is nearing the 50 SMA. I think it will soon break the 50 SMA and then punch through the horizontal resistance at about $2. Then the next challenge will be the long term trendline.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.