Research of relationships between technical indicators and market trends: a chain study (link)

The Crypto Currency World has earned an increase in trade activities, mostly guided by market feelings and guesses. However, below the surface lies a more complex interaction between technical indicators and market trends. Chainlink (Link), a prominent platform for the exchange of cryptocurrencies.

Technical indicators: Key to understand the market

Technical indicators are calculated by values ​​obtained from historical prices data these indicators provide some of the most commonly used technical indicators:

  • Moving the average (ma)

  • Relative power index (RSI)

  • Bollinger bands

  • Storytelling

Market Trends: The driver behind the price of price

Market trends are fundamental drivers that shape prices movement in crypto currency. These trends may be influenced by different factors, including:

  • Offer and demand

  • News guided by events

  • Regulatory changes

  • Market mood

Chainlink (Link) as a Case Study

Exploring the Relationship Between

Chainlink is a decentralized Oracle network that allows smart contracts to access external data sources. Data to smart contracts, allowing them to perform,

The relationship between technical indicators and market trends on the chain (link)

Chainlink discovered and fascinating correlation:

* Chainlink’s reality of data data

: The feeds of data in the real world provided by the chain shows show that they show strong correlations with market trends. In some cases, these correlations were more pronounced than those seen in traditional financial markets.

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Case Study: The influence of technical indicators on the price of the relationship

Using a set of data of historical prices of LINK, he analyzed the relationship between technical indicators and market trends. Our discoveries have shown:

* Moving average (ma) had a strong positive connection with market trends.

* Relative strength index (RSI) showed poor negative correlation with market trends.

* Bollinger bands showed a moderate positive connection with market trends.

Conclusion

Chainlink is complex and multiple. Correlations and market trends, data provided by Chainlink reveal a tin. The use of actual feed data has enabled smart contracts to access external sources of information, which affects their decision -making processes.

Recommendations

  • Investors should consider the use of chain data on data

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