Technical Analysis

VertCoin Has Completed Multi-Year CorrectionJul 31, 2023

Vertcoin has completed multi-year correction, as we see nice and clean A-B-C zig-zag pattern by Elliott wave theory.

Vertcoin with ticker VTCUSD is one of the oldest ALTcoin that made an impulsive rally back in 2017 bull market. Since 2018 we can see it in a larger, multiyear, higher degree A-B-C corrective movement called zig-zag pattern, which can be finally coming to an end with recent spike down into wave (5) of C. So, if VTCUSD manages to bounce and recover back above 0.35 first bullish evidence level in the second part of 2023, then we can easily expect a bullish continuation.

VertCoin Has Completed Multi-Year Correction VTCUSD Weekly Chart
VTCUSD Weekly Chart

The Elliott Wave Theory is interpreted as follows: Five waves move in the direction of the main trend, followed by three waves in a correction (totaling a 5-3 move). This 5-3 move then becomes two subdivisions of the next higher wave move.

VertCoin Has Completed Multi-Year Correction Basic Bullish Elliott Wave Pattern
Basic Bullish Elliott Wave Pattern

A Zig-Zag is one of Elliott Wave Theory’s corrective pattern, also known as when the market takes a bit of a breather. So, a Zig-Zag consists of a 5 – 3 – 5 sequence and it’s labelled as ABC. A has 5 waves, B has 3 waves and C has 5 waves.

VertCoin Has Completed Multi-Year Correction Basic Zig-Zag Elliott Wave Corrective Pattern
Basic Zig-Zag Elliott Wave Corrective Pattern

Become a premium member

Get daily Elliott Wave updates for some major Digital currencies, FIAT currency markets, major stock indexes, gold, silver, crude etc. or apply for unlimited access to the Elliot Wave educational videos.

USDJPY Is Retesting Strong Intraday Resistance. Check our free chart HERE.


Any reviews, news, analysis, prices or other information contained on our website is provided as general market commentary and delivered electronically through a distribution channel to larger number of clients, therefore does not constitute investment advice or investment research. We are not trading advisors. Most of our work is for educational purposes only, with information based on Elliott Wave theory in real time. Trading forex, futures, options, stocks, cryptocurrenices or any another trading market carries a high level of risk, and may not be suitable for all investors.

The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information that we provide should not be relied upon as a substitute for extensive independent research before making your investment decisions. In no event will we be liable for any loss or damage on your account in connection with, the use of our products. For any real cash investments you have to contact your financial advisor.

Any information or material contained on our website is owned by Val Global d.o.o.. Reproduction is prohibited without Val Global d.o.o. prior license in writing.

By continuing to use the site, you agree to the use of cookies. Learn more.

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.