The currency market is slow.
There’s no other way to say it.
I’ve mentioned before that June was likely to be a “transitional” month where new narratives would begin to take shape.
But instead of just sitting around, I have been doing my research to find the next big multi-year plays.
You may have seen my previous posts on Bitcoin and Ethereum.
Those are two longer-term holds that I still believe in as the technicals are backed by strong fundamentals, especially now with central banks in full on print mode.
But today I want to talk about another cryptocurrency called VeChain, ticker VETUSD.
VeChain is a blockchain-based platform for the supply chain industry that allows companies and customers to track and verify the authenticity of products.
Think of it as a platform that records and displays the truth about a supply chain.
At least that’s how the project started in 2015.
VeChain has since entered the healthcare market, food safety, and the energy market to name just a few.
Their management team is made up of industry leaders that are backed by a plethora of skilled developers, which is what you want to see in a cryptocurrency.
Their partners include PricewaterhouseCoopers (PwC), DNV GL, BMW, Walmart China, BYD, and many more.

The image above is only a partial listing of VeChain’s partners.
At just $500 million, VeChain has a much smaller market cap than other cryptos like Bitcoin and Ethereum.
That’s where I see the opportunity, though.
The VeChain management team is first class, in my opinion, and their product is not only in demand, but it’s actually in use today.
Only a tiny percentage of cryptocurrencies can say the same.
You can even see these transactions in real-time by using the VeChain Universe and See VeChain.
As for the technicals, VETUSD looks primed for a breakout.
The market has been consolidating below $0.01 for the last nineteen months but is starting to look constructive.

In my opinion, it’s going to take a monthly close above $0.0085 or so to confirm the break.
A breakout over the next few months agrees with my view that the cryptocurrency market is on the verge of another bull market.
But like other cryptocurrencies I’ve discussed recently, I am not trading VeChain.
It’s going to be a two-year hold for me, at a minimum.
I’m also more interested in the VeChain fundamental story, so I’m less concerned with the technicals.
Disclaimer: I hold a position in VeChain (VETUSD). The information in this post is NOT financial advice.
[thrive_custom_box title=”” style=”dark” type=”color” color=”#fef5c4″ border=”fadf98″]
Want to watch the VETUSD video I just released in the member’s area?
Get a Lifetime Membership Today and receive exclusive member-only content including one to two new videos every day. Save 40% in June!
[/thrive_custom_box]

Want me to help you become a better Forex trader?
Get a Lifetime Membership to Daily Price Action today and receive access to Justin’s full price action course, dozens of forums with over 3,000 members, daily videos of trade ideas, direct access to Justin, and much more!
Save 40% on a lifetime membership in June!
This is really nice analysis. Though I’m looking to invest in Ecoins in longer-term.
Thanks. I don’t know much about eCoins, but the whole thing looks dodgy as heck—just my opinion.
Where do you buy into theese crypto investment positions you take, like exchange/broker?
I use Binance.
What is binance
Thanks ,it’s good alert.