AVAX

AVAX has continued to rise after breaking out of a flag pattern (purple parallel channel) and has already reached the channel's target price (blue line). The next key resistance lies between $26.5 and $27.2.

If the price retraces to test support, it may find it between $23.8 and $24, which is approximately the 0.618 Fibonacci level and a high trading volume area. Investors can take advantage of a pullback to establish long positions, while more aggressive investors may choose to enter at market price or buy spot. Take-profit targets are set at $27.2, $28, and $29.5, with a stop-loss as low as $21.2.

Reference points:

• Direction: Long 

• Entry: $23.5 - $24 

• Take Profit: $27.2 / $28 / $29.5 

• Stop Loss: $22.85 / $21.2

LINK

LINK has recently completed a head and shoulders bottom pattern, with the three green curves representing the two shoulders and the head. After breaking through the neckline, the price faced resistance at $18 and pulled back, falling to around $15 before finding support, which is approximately the 0.382 Fibonacci level.

At the time of writing, the price is around $17. Investors who have not yet entered can consider entering at market price or waiting for a second pullback. The price is expected to find support near $16.2, which is around the 0.618 Fibonacci level and also a high trading volume area.

Take-profit targets can be measured using the pattern (blue and green lines) and the head and shoulders bottom (yellow increase), set at $19.3, $22.8, and $25. The stop-loss can be set below the previous low of $14.9.

Reference points:

• Direction: Long 

• Entry: $16 - $16.2 

• Take Profit: $19.3 / $22.8 / $25 

• Stop Loss: $14.8

Disclaimer: None of the information contained here constitutes an offer (or solicitation of an offer) to buy or sell any currency, product or financial instrument, to make any investment, or to participate in any particular trading strategy.