*watch my video on DTube: https://d.tube/#!/v/cryptospa/vy5sp2tp2e0
Hello, dear Uptrenndians!
In this video I analyzed in detail the price chart of Chainlink (LINK/USD) using Technical & Candlestick analysis in different time frames. In addition I outlined some interesting candlestick formations and chart patterns.
Enjoy watching the video and, please, comment!
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last 14 years, and as a cryptocurrency analyst for the last 3 years.
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency trades, investments and etc.
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Chainlink (LINK) is a decentralized oracle service, which aims to connect smart contracts with data from the real world. Since blockchains cannot access data outside their network, oracles are needed to function as data feeds in smart contracts. Oracles provide external data (e.g. temperature, weather) that trigger smart contract executions upon the fulfillment of pre-defined conditions. Participants on the Chainlink network are incentivized (through rewards) to provide smart contracts with access to external data feeds. Should users desire access to off-chain data, they can submit a requesting contract to ChainLink’s network. These contracts will match the requesting contract with the appropriate oracles. The contracts include a reputation contract, an order-matching contract, and an aggregating contract. The aggregating contract gathers data of the selected oracles to find the most accurate result. Website : https://chain.link/