Chainlink (LINK) May See a Major Crash as Textbook Bear Signal Flashes

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Chainlink has been one of the best-performing crypto assets of the past few weeks and months. Since the lows under $2 seen in March, the asset has more than quadrupled, trading as high as $9.00 earlier this week. The asset’s strong performance comes on the back of an influx of fundamental developments. For instance, China’s Blockchain Service Network (BSN) revealed in June that it will be using Chainlink technology. “This integration of Chainlink provides BSN users additional security, reliability, and interconnectivity to help fuel even greater growth and adoption of blockchain applications in China and around the world.” The Blockchain Service Network is a state-sponsored blockchain initiative that involves government departments, banks, and technology companies based in China. Despite this strong performance, not everyone is convinced Chainlink can continue its extremely strong rally over the past few months. Chainlink Is Primed to See a Correction, Signal Technicals According to a…

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