Hello fellow traders!
One currency I have been keeping an eye on is Chainlink (LINK).
A coin with powerful potential that is revolutionising the way contracts are fulfilled via a digital agreement called a 'Smart Contract'. I see this being heavily adopted by insurance companies which may automate their lengthy and costly processes, banks and anything that requires fulfilment of a contract. This will now be done faster, more efficient, without mistake and completely self-managed. It will also be able to provide smart-contracts for any blockchain cryptocurrency, working with the big players like Ethereum and Bitcoin.
Anyway, we had a great run with Chainlink followed by a retracement to the 61.8% fib level. This level was also the previous ATH. It is currently also in a pennant formation in a downwards channel. We may see a rally in the coming days. WIth Bitcoin currently rallying, the crypto market cycle means that once Bitcoin's rally is over, it's time to invest in Chainlink.
Love, peace, Seb.
One currency I have been keeping an eye on is Chainlink (LINK).
A coin with powerful potential that is revolutionising the way contracts are fulfilled via a digital agreement called a 'Smart Contract'. I see this being heavily adopted by insurance companies which may automate their lengthy and costly processes, banks and anything that requires fulfilment of a contract. This will now be done faster, more efficient, without mistake and completely self-managed. It will also be able to provide smart-contracts for any blockchain cryptocurrency, working with the big players like Ethereum and Bitcoin.
Anyway, we had a great run with Chainlink followed by a retracement to the 61.8% fib level. This level was also the previous ATH. It is currently also in a pennant formation in a downwards channel. We may see a rally in the coming days. WIth Bitcoin currently rallying, the crypto market cycle means that once Bitcoin's rally is over, it's time to invest in Chainlink.
Love, peace, Seb.
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