Blockchain compliance tools can slash TradFi costs — Chainlink co-founder
Blockchain Efficiency: Blockchain-based investment products and compliance tools are expected to be over ten times faster and cheaper than traditional finance, addressing inefficiencies in compliance processes that currently cost institutions billions.
Chainlink's Automated Compliance Engine: Chainlink has launched the Automated Compliance Engine (ACE), which aims to streamline regulatory compliance for both traditional and decentralized finance, potentially unlocking $100 trillion in new capital for blockchain investments.
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Technical Analysis for LINK
Technical Sentiment Analysis for Chainlink (LINK) As of , Chainlink (LINK) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for LINK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, LINK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Chainlink (LINK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 3.539 | 5.344 | 7.229 | 9.034 | 10.919 | 12.724 | 14.609 |
| Fibonacci | 5.344 | 6.754 | 7.625 | 9.034 | 10.444 | 11.315 | 12.724 |
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