I will keep it short, sweet and simple. Avalanche is recovering nicely with five consecutive days closing green; higher low; trading back above the 3-Feb. low (orange line) and marketwide bullish action.
The action is happening in the green zone, the bullish zone and a local higher low will lead to a higher high with a target of $40 first. This is the next target and it is an easy one. It will definitely move higher but consider $40-$46 the first strong barrier.
The main target sits at $81. I think the time horizon for this one is 1-3 months. Within 3 months, all these targets will be hit and then we will be blessed with additional growth.
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