29 March 2021 (MON)- Chainlink (LINK) Daily Risk Report

29 March 2021 (MON)- Chainlink (LINK) Daily Risk Report

By quantdoge | Daily Crypto Risk Report | 29 Mar 2021


Investment Disclaimer:
  • I am not a registered investment, legal, or tax adviser or a broker/dealer, and all opinions expressed by me are from my research for educational purposes only.
  • Past performance presented here is not an indicator of future performance.
  • This post expresses my own opinion about the cryptocurrency mentioned herein and is not an offer to buy or sell, or a solicitation of any offer to buy or sell the cryptocurrency mentioned in this post.

1. How Chainlink Performs Relative to Other Cryptos ?

Ranking

As of 29 March 2021, Chainlink has made a cumulative return of 1476.14% since Jan 2020 and 225.65% since Jan 2021. It is currently the 8th greatest performing crypto asset since Jan 2021 as compared to the other cryptocurrencies presented above.

2. Technical Analysis on Chainlink

2.1. Volume Weighted Average Price (VWAP)

VWAP

2.2. Moving Average Convergence Divergence (MACD)

MACD

2.3. Bollinger Band

Bollinger Band

2.4. Relative Strength Index (RSI)

RSI

Based on the technical analysis presented above, quantdoge has taken a bullish stance on the short-term price outlook of Chainlink, but I could be wrong, hence, please make careful due diligence before making any decision.

3. Chainlink Risk Profile

VaR

Risk Profile

Based on the 100-day 95% historical Value-at-Risk (VaR) profile of Chainlink defined above, probability for Chainlink to suffer great losses during any single day has decreased with its biggest pullback being seen at 19.33% on a single day during the last 100 days. Chainlink is becoming less riskier on 29 Mar 2021 as compared to 10 days before on 20 Mar 2021, but I could be wrong, hence, please make careful due diligence before making any decision.

 

If you are into Bitcoin (BTC) and Ethereum (ETH), I have made a similar analysis on this yesterday at:

If you like my analysis and articles, please follow me at @quantdoge for daily updates. 


quantdoge
quantdoge

Data scientist in crypto and blockchain space.


Daily Crypto Risk Report
Daily Crypto Risk Report

This blog was created by quantdoge, a data scientist in the cryptocurrency and blockchain space to publish daily risk reports on different cryptocurrencies. All published reports in this blog were analyzed with in-house algorithmic trading and quantitative risk management technology. ** Investment disclaimer: ** I am not a registered investment, legal, or tax adviser or a broker/dealer, and all opinions expressed by me are from my research for educational purposes only.

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