ZILIQUA long term Elliott wave count is starting to take shape, building a parabolic curve as we enter into the 3rd wave explosive price action phase ( BULLISH ). With many daily wicks to the down-side re-testing the previous daily order block at approx. ~$0.15, we have confirmation of strong buying demand at these levels. We will likely re-test and push through the 1:1 fib extension at ~$0.2, pushing towards the 1.618 fib at ~$1.11 over the coming months to find a minor wave 3 top. As we can see on the chart, there will likely be even more upside (above ~$1.11) to complete the major wave 3 before we get a major 4th correction. ZIL is looking to be a strong hold over the coming months with months of accumulation about to be priced in.
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