Vechain long-term trend = LONG !

11 thg 6, 2018

this is my first trading idea so be gentle please !

So Vechain has known a massive price increase when first released on the markets. Since then the price has been consolidating between 2,50$ and 5,50$.
Vechain is one of the only cryptocurrencies out there that actually try to solve real business use cases. during this bear market their partnerships have grown as well as their development team.
30 June will be the date they will release their mainnet. I expect a rise but nothing extraordinary. this bear market is way too strong now for vechain to be able to do 2X.

Instead I drew a long term trend line based on the Crypto J-curve principle. For those interested in reading more about this:
medium.com/@felipe_olmo3/the-crypto-j-curve-by-felipe-olmo-fernandez-1db0da68abc

Once the new mainnet is fully implemented and businesses will start to use it I expect another growth cycle just like Neo has seen last year when it succesfully implented its mainnet.
This new growth cycle will catch speed once the upper resistance will be broken.
If succesful I expect a rise to at least 15$

Thanks for reading!

Let me know what you think