Og crypto lacking in the new narrative driven space yet the price hasn't dropped
Structurally its a long term multi year pennant looking thing with deviations to the upside
The narrative is and always has been digital silver..
If hyperinflation of the usd continues unchecked like it appears to be
This should get valued up once long enough term accumulation has taken place like with all market assets
Deflationary asset with halving cycles similar to btc and it never really got sold off into a downtrend, it just didn't keep up with btc but nothing did so..
Technical target would be all time highs even the 1.618 of the fib range if we see expansion albeit the narrative in finance right now is all about memecoins and ai but that doesn't change the fundamentals of real crypto assets..
And narratives come and go and end up looking like crazy volatile pump and dumps when alls said and done and its probably worth simply avoiding those..
Structurally its a long term multi year pennant looking thing with deviations to the upside
The narrative is and always has been digital silver..
If hyperinflation of the usd continues unchecked like it appears to be
This should get valued up once long enough term accumulation has taken place like with all market assets
Deflationary asset with halving cycles similar to btc and it never really got sold off into a downtrend, it just didn't keep up with btc but nothing did so..
Technical target would be all time highs even the 1.618 of the fib range if we see expansion albeit the narrative in finance right now is all about memecoins and ai but that doesn't change the fundamentals of real crypto assets..
And narratives come and go and end up looking like crazy volatile pump and dumps when alls said and done and its probably worth simply avoiding those..
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Disclaimer
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.