The long term wave uptrend cycle in Ziliqua remains whereby as indicated on the left (long term overview) we continue to operate inside the 5 wave Super cycle to the upside where we currently are positioned in the 5 wave Super cycle. Following hitting a wave 3 Super cycle top at $0.26 on the 15th of April 2021, the asset then corrected in a substantial WXY correction of significant proportion in terms of time and also price; retracing a noteworthy 85% in value; however, price never retraced beyond Wave 1 Super cycle top keeping the 5 wave impulse in tact. Following hitting a WXY 4th wave completion price then shot up again in impulsive fashion, as seen on the right sided chart (shorter term overview), it appears the long term correction has completed and the asset is positioned in the genesis of the 5th wave Super cycle in which price shall continue to trend up in waves of lesser degree.
Since the impulse move to $0.23 we have come down in a corrective fashion anticipated to be a wave 2 and price appears to be nearing a further impulse. As long as price does not take out the Minor Wave 1 bottom then the impulse count remains in tact; it can be observed that a bull flag may be forming, which may lead to an accelerated rise upon breaking to the upside of the flag.
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Since the impulse move to $0.23 we have come down in a corrective fashion anticipated to be a wave 2 and price appears to be nearing a further impulse. As long as price does not take out the Minor Wave 1 bottom then the impulse count remains in tact; it can be observed that a bull flag may be forming, which may lead to an accelerated rise upon breaking to the upside of the flag.
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