#chainlinkcoinbase

[cryptofighter94]

CHAINLINK ANALYSIS LINK/USDT The bulls have propelled Chainlink (LINK) above the $36.93 overhead resistance today, indicating the resumption of the uptrend. If the bulls can sustain the price above $36.93, the altcoin could continue its march toward $50. The 20-day EMA ($32) has turned up and the RSI has risen above 65, suggesting the bulls are back in the driver’s seat. However, if the bulls fail to sustain the price above the $36.93 level, then it will indicate aggressive selling by the bears at higher levels. That could result in a drop to the 20-day EMA. A strong rebound off this level will suggest the sentiment remains positive. Conversely, if the bears sink the LINK/USDT pair below the 20-day EMA, it will suggest that the current breakout was a bull trap. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #chainlink #chainlinkcoinbase #chainlinkcoin #chainlinks2021 #link #linkcoins #linkcoin https://www.instagram.com/p/CNrLFpvAdeH/?igshid=13chycdu1dzpt

[cryptofighter94]

CHAINLINK ANALYSIS LINK/USD Chainlink (LINK) once again turned down from the overhead resistance on March 18, which shows the bears are defending this level. However, the positive sign is that the bulls did not allow the price to dip below the 50-day SMA ($28.38), indicating buying at lower levels. The LINK/USD pair has formed an ascending triangle pattern that will complete on a breakout and close above $32. This setup has a target objective at $43.20. Contrary to this assumption, if the price turns down from the current level or the overhead resistance and breaks below the trendline of the triangle, it will invalidate the bullish setup. That could result in a drop to $24 and then to $20.11. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #chainlink #chainlinks2021 #chainlinkcoinbase #chainlinkcoin #link #linkcoin #linkcoins https://www.instagram.com/p/CMp4jpqAS8m/?igshid=tft0ds7hqhg3

[cryptofighter94]

CHAINLINK ANALYSIS LINK/USD Chainlink (LINK) has broken below the moving averages and the trendline of the ascending triangle, which invalidates the bullish setup. Traders who had purchased before the breakout might cover their positions and that could result in a fall to $24. The flat moving averages and the RSI below the center also point to a possible range-bound action in the near term with a negative bias. The trend will turn in favor of the bears if they can sustain the price below $24. This bearish view will invalidate if the price turns up from the current levels and rises above $32. Such a move will suggest that the current break below the moving averages was a bear trap. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #chainlink #chainlinkcoinbase #chainlinkcoin #chainlinks2021 #altcoinfeeds #altcoinseason #altcoiner #altcoinarmy #altcoindaily #altcoin #altcoingenius #altcoininvesting #altcointrading #altcoinnews #altcointrader #altcoinfinale https://www.instagram.com/p/CMd2id7Au_U/?igshid=9sjhcu551g4q

[cryptofighter94]

Chainlink rolls out OCR system upgrade, reducing gas costs tenfold Chainlink has launched a major upgrade for its oracle network, dubbed Off-Chain Reporting, or OCR. The upgrade was announced on Wednesday, though the implementation has been live for some time already. OCR changes how data across multiple sources is joined together by the oracle network. Previously, the process of aggregating different readings of the same desired input — for example, a token’s price — was done on-chain. Chainlink nodes would submit their individual readings of the data, which would be verified by a smart contract on Ethereum and other blockchains. This approach, while guaranteeing the reliability of the data, was inefficient in terms of gas costs, as each node would need to spend resources to publish the data. #chainlink #chainlinkcoin #chainlinkcoinbase #link #altcoindaily #altcoininvesting #altcoinfeeds #altcoin https://www.instagram.com/p/CLr0CT7lup1/?igshid=1c43gbzw0s0r8