At the Super Cycle degree, it appears that we are on a Corrective Wave (II) underway.
Although history rarely repeats, it rhymes, and it is worth noting that
ZIL usually undergoes a lengthy consolidation period during Corrective Wave 2.
A fib retracement of ~61.8% usually takes place during a second wave, and with this in mind, a support floor of $0.064 is forecasted -- but whether price action will travel on this magnitude, is anybody's guess.
Although history rarely repeats, it rhymes, and it is worth noting that
ZIL usually undergoes a lengthy consolidation period during Corrective Wave 2.A fib retracement of ~61.8% usually takes place during a second wave, and with this in mind, a support floor of $0.064 is forecasted -- but whether price action will travel on this magnitude, is anybody's guess.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.