📈 Analysis and Prediction (ETH and LINK):

📉 ETH/BTC - Since July 2022, #ethereum has been in a descending wedge against #bitcoin (BTC). Currently, the price of #eth is trading very close to the wedge's support line. The convergence point of the trendlines of resistance and support is getting closer, so a decisive breakout of one of these lines is possible soon. The wedge is considered a bullish pattern. If ETH breaks above the upper boundary of the wedge, it could grow by 25% to the resistance area of ₿0.075. On the other hand, a breakthrough of the wedge's support line will invalidate the bullish forecast and likely lead to a 12% price drop to the level of ₿0.052. 📈

🔗 LINK/USDT - #link has been among the most profitable assets among the top 20 cryptocurrencies last month. On-chain data shows that the September rally was driven by organic growth in Chainlink's fundamental indicators rather than market speculation. Furthermore, bulls can still expect further growth in October. #chainlink holders seem to be preparing for a price increase in October, supported by high network activity. LINK's supply on exchanges has reached historical lows, with exchange reserves falling to 152 million tokens on October 3rd. This is the lowest level since Chainlink introduced its native staking roadmap in June 2022. If bulls manage to overcome the initial selling pressure at the $8 level, the rally could reach $10.

What are your thoughts on this analysis? Please share! 🤔