SOLUSD You were warned about it. 1st ever 1W Golden Cross formed

Solana (SOLUSD) broke above its former Channel Up as we explained on our last bullish call (December 08 2023, see chart below) and hit last week our 144.000 Target:


Right now it is best to take a step back and view SOL's price action on the 1W time-frame, where the clear long-term trend is revealed, and that's bullish within a Channel Up pattern. The Fibonacci Channel levels reveal that it is still in its early stages within the 0.236 - 0.382 Fibonacci range.

On top of that, it just formed its first ever 1W Golden Cross! This is an incredibly bullish pattern and we expect the whole bull run to peak at atleast +5150% from the market bottom just as the November 2021 Top did. As a result, our Target is $4000.

Note that every pull-back inside the 1W CCI green zone, is a long-term buy opportunity.


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