Chainlink is developing the off-chain structure,that is connected to a specific resource/API. In my opinion, this will be the next big thing of 2018, when all the Ethereum based tokens will go online and the on-chain system will be overloaded. People are buying blockchain/infrastructure tokens as the next big thing (e.g EOS,RCHAIN,CARDANO etc) but, no one of them is fully functional. CHAINLINK will also support payments, a big plus for this industry to evolve in something bigger. For SMart Contracts, to see the level of adoption we all are hoping for, they need a robust trust-minimized mechanism to fetch external data. Oracles are critical !
5 waves just formed( for every wave and 5 waves inside each wave). A occurs when there is a downward sloping resistance line and a horizontal support line that meet together at the right side of the pattern. For the to be valid, both the support line and the resistance line must be touched by prices PRICE.Price tried to break the down-trend line for 4 times and twice the support line.
For the first time, is on the over sold area! Amazing opportunity to enter. More conservative, wait until breaks the resistance line at around RSI=52.