LINKUSDT.P
Hello Traders,
As we see LINK for 364 days kept building up inside the rectangular channel. The move becomes more powerful the longer the accumulation lasts.
The two white dotted lines as mid range targets, Also acting as weekly Pivot.
As we see LINK is a Rising wedge, a breakout from the resistance could send the price up on +30% rise.
Since it is currently in an accumulation zone, a fantastic expansion move is imminent. It has a strong backing of $5.59. The range high is $8.765, while the midpoint is $7.
Always DYOR ✔️
Trade well my friends
Stay SAFU, and Let that Sink in 😉
Here are some key Fundamentals about Chainlink (LINK)✨
Decentralized Oracle Network: Chainlink is a decentralized oracle network that connects smart contracts with real-world data, allowing smart contracts to interact with off-chain data sources and external APIs.
Data Reliability and Security: Chainlink ensures data reliability and security by utilizing multiple independent oracles to fetch and verify data, minimizing the risk of a single point of failure or manipulation.
Wide Range of Use Cases: Chainlink's decentralized oracle network has applications across various industries and use cases, including decentralized finance (DeFi), gaming, insurance, supply chain management, and more.
Strong Partnerships and Integrations: Chainlink has established partnerships with leading blockchain projects, enterprises, and academic institutions to facilitate the adoption of its oracle network. Some notable partnerships include collaborations with Google, Oracle, Swift, and more.
Trusted Reputation: Chainlink is known for its robust and reliable infrastructure, with a track record of providing secure and reliable oracle services. It has gained trust within the blockchain community and has become one of the most widely used oracle solutions in the industry.
Cross-Chain Interoperability: Chainlink aims to enable cross-chain communication and interoperability by bridging data between different blockchains and providing access to off-chain resources.
Community and Developer Support: Chainlink has a vibrant and active community of developers and supporters who contribute to its ecosystem, building applications, and expanding its capabilities.
Ongoing Development and Roadmap: The Chainlink team continues to enhance and develop the protocol, working on improvements such as off-chain reporting, privacy solutions, and more advanced data aggregation techniques.