ZILIQUA Extremely Bullish! Outbreak could be imminent
Ziliqua appears to be in an extremely impulsive wave cycle which can lead the asset to new high and provides a unique opportunity, the favoured wave count as shown on the chart shows that ZILIQUA can achieve substantial growth in coming month as a possible Micro Wave 2 correction could be complete whereby from the $0.23 Wave 1 high price came down in a 3 wave zig zag (ABC) and then price shot up (+40%) in potentially the genesis of the Micro 3rd wave ending the corrective price action.
We can have some strong conviction of the postulated wave count looking at the impulsive nature of the incline in MICRO Wave 1 and the fractals or subdivisions validating the impulsive wave count as we can see Micro wave 1 is broken into 5 wave impulses on lower degrees. Price also seems to be contained within a bull flag which with Bitcoin potentially reversing soon, Ziliqua could break the bull flag and move towards the key $0.13 which if broken can lead to rapid incline higher ultimately target the 3rd wave advance towards key fib extensions.
With Ziliqua retracing a deep amount in the Micro Wave 2 (80+%) it provides a discounted purchase, with a lot of upside potential.
Stay safe and follow for more Advanced Elliot Wave Applications!!
We can have some strong conviction of the postulated wave count looking at the impulsive nature of the incline in MICRO Wave 1 and the fractals or subdivisions validating the impulsive wave count as we can see Micro wave 1 is broken into 5 wave impulses on lower degrees. Price also seems to be contained within a bull flag which with Bitcoin potentially reversing soon, Ziliqua could break the bull flag and move towards the key $0.13 which if broken can lead to rapid incline higher ultimately target the 3rd wave advance towards key fib extensions.
With Ziliqua retracing a deep amount in the Micro Wave 2 (80+%) it provides a discounted purchase, with a lot of upside potential.
Stay safe and follow for more Advanced Elliot Wave Applications!!