📈 Analysis and Prediction (BCH and LINK):

🙃 BCH/USDT - The upward movement led to achieving a new annual maximum at $329. Afterward, the rally subsided: the price of Bitcoin Cash underwent a significant correction and is currently trading in the middle of the long-term range. On October 23, the asset formed a lower high, marked with a red symbol on the chart. Forecast: The price of Bitcoin Cash has exited the ascending parallel channel, considered a bearish pattern. The breakthrough indicates that the previous upward movement has come to an end. The daily RSI is below the 50 mark and continues to fall. If the decline persists, #bch may drop by another 18% and reach the horizontal support area at $180, coinciding with the Fibonacci correction level of 0.618. Despite this bearish forecast for Bitcoin Cash, a return to the channel's support line could lead to a 36% rise to the next resistance at $300.

🤫 LINK/USDT - The culmination of LINK's upward movement was a new annual maximum reached on November 11 at $16.60. The scale of the increase over 56 days amounted to almost 200%. However, Chainlink has since been declining, forming consecutive bearish weekly candles. Cryptotraders and analysts are making conflicting forecasts. Forecast: Elliott Wave analysis on the daily chart provides a more optimistic outlook. The most likely scenario suggests that #link is approaching the end of the fourth wave within a five-wave bullish structure. The fourth wave takes the form of a triangle. If this analysis is correct, the price of Chainlink will soon break the upper boundary of this triangle, starting the fifth wave. The daily RSI also confirms this possibility, giving strong signals of hidden bullish divergence. The peak of the fifth wave is likely to be at the $19 mark, almost 30% higher than the current price. This target was found using the channel projection connecting the peaks of the first and third waves.

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