As you can see, after the ABC correction that took place we are currently in the 1st wave of a greater 5 wave pattern, with the 5th wave of the first still expected to happen. The reason I believe this is only part of a greater growth pattern is because of the functionality of ZEC compared to BTC. It's use as a private coin, and the future forks coming off it mean that a target of .16 BTC is well within reason. It's usefulness as a PRIVATE store of value and the very limited supply mean it has great potential.
Right now with bitcoin surging and all alts bleeding ZEC is an amazing steal.