I have done a very detailed analysis on Z1P for price targets for 2021.
I have done approximate measured moves from bottoms to tops for the last 3 cycles of big swings from 2018. They average about 5X returns over the course from bottom to top. Covid from bottom to top is 7X ( this is an exception) so I wont be taking this fully into consideration. I have applied the Eliot wave theory on bull runs (12345) and ABC corrective waves on the corrections.
Head and Shoulders pattern has been confirmed which is a bearish move that usually breaks to the downside. ( this is happening now on the C wave correction. This is in the process of completing landing on support levels)
For those who are holding or currently underwater, the best moves to avoid a loss would be doubling down on Buy zone A and B. Dollar cost averaging down the C wave correction to support levels.
We are currently in the final C wave correction now which I think will bring us closer to the $4.50-$4ish mark before the next bull run of a new (12345) wave- I have done measured moves from past history performance with a fib extension.
Target 1 $12 -SELL profits-33%
Target 2 $18- SELL profits- 33%
Target 3 $24 – SELL profits-33%
After these targets another corrective wave cycle will happen (ABC)
This is what I believe the long term outlook of Z1P will have instore for 2021. I do not know the timelines of how quick these moves will happen. My charts are saying between Q2/Q3 2021.
*This is my own personal opinions and not financial advise.
Please look review the page and let me know what you think.
I have done approximate measured moves from bottoms to tops for the last 3 cycles of big swings from 2018. They average about 5X returns over the course from bottom to top. Covid from bottom to top is 7X ( this is an exception) so I wont be taking this fully into consideration. I have applied the Eliot wave theory on bull runs (12345) and ABC corrective waves on the corrections.
Head and Shoulders pattern has been confirmed which is a bearish move that usually breaks to the downside. ( this is happening now on the C wave correction. This is in the process of completing landing on support levels)
For those who are holding or currently underwater, the best moves to avoid a loss would be doubling down on Buy zone A and B. Dollar cost averaging down the C wave correction to support levels.
We are currently in the final C wave correction now which I think will bring us closer to the $4.50-$4ish mark before the next bull run of a new (12345) wave- I have done measured moves from past history performance with a fib extension.
Target 1 $12 -SELL profits-33%
Target 2 $18- SELL profits- 33%
Target 3 $24 – SELL profits-33%
After these targets another corrective wave cycle will happen (ABC)
This is what I believe the long term outlook of Z1P will have instore for 2021. I do not know the timelines of how quick these moves will happen. My charts are saying between Q2/Q3 2021.
*This is my own personal opinions and not financial advise.
Please look review the page and let me know what you think.