AVAX and LINK Analysis: Crypto Predictions for Growth

This analysis dives into the current price action of AVAX and LINK, exploring key support levels and potential entry points. Both cryptocurrencies have exhibited strong momentum in recent weeks. AVAX has surpassed a flag pattern (purple parallel channel) and is currently pushing towards resistance between $26.5 – $27.2. If the price retraces, it might find support around $23.8 – $24. This level aligns with the 0.618 Fibonacci level and a high trading volume area. Investors seeking long positions can benefit from this pullback. For those looking for more aggressive entry points, market price or spot buying is an option. Take-profit targets are set at $27.2, $28, and $29.5, with a stop-loss as low as $21.2. Meanwhile, LINK has just finished a head and shoulders bottom pattern, breaking through the neckline after a period of consolidation. Resistance is currently present around $18, leading to a pullback and falling towards $15 before finding support around $16.2 – approximately the 0.618 Fibonacci level and a high trading volume area. This indicates an opportunity for new investors to enter at market price or wait for a potential second dip. Take-profit targets are suggested using the pattern (blue & green lines) and the head and shoulders bottom (yellow increase), set at $19.3, $22.8, and $25. A stop-loss can be placed below the previous low of $14.9. 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.