$UBQ Trading Idea & 2018 Price Projection for #Ubiq

BITTREX:UBQBTC   Ubiq / Bitcoin
Ubiq is a decentralised platform built upon the Ethereum codebase.

One of the main challenges for Ubiq is that it is operating in a very competitive and somewhat saturated DApp platform space.

From a charting perspective it is currently facing a long-term downtrend resistance line. I'm fairly confident that it will break through this area to the upside at some point, meaning we are likely to see $UBQ test previous highs vs. $BTC during the 2018 #AltSeason market cycle.

For $UBQ to gain the kind of momentum that will push it towards the 'Final Target' outline in my chart I believe we will have to see a number of solid partnerships formed, or essentially some form of positive news that will generate excitement around the project and a "Value Add" for the token.

With that being said Ubiq does have a lot of support from within the 'Crypto Community', a solid development team, and the fact that it has a market cap of around $200 Million means that it has a lot of room to grow in the medium-long term.

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