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**SUMMARY**

Most Cryptos would do a double sequence of the same corrective pattern. ZCoin (XZC/USD) has patterned out a wedge and a bull flag in its correction thus far. Following a five wave impulse with a bit of an extended 5th, the price has not retraced as deeply as towards prior wave 2. However, if the overall sentiment has turned from negative to positive; such depth might not be required.

![](https://steemitimages.com/DQmScA1P4JYBfh1fLVoYicDjinYRX8CPvmVZSchjL8yRXcm/image.png)

The MACD is ready to break out given its proximity to the apex. The white arrow and impulse waves outline the potential price pathway. The blue arrow outlines a large degree of trend pattern for a rounded formation. Once its right wall is built, a sizable correction could either repeat another or form the handle of a Cup & Handle sequence. 
![](https://steemitimages.com/DQmSteT31YFDrd3Tdmg5rVi2DRKeFtwok8zWKxibtv4oymu/image.png)


**Legal Disclaimer**: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes. </center>


Please consider reviewing these Tutorials on:
[Elliott Wave Counting Tutorial #1](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-1-by-haejin)
[Elliott Wave Counting Tutorial #2](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-video-2-zig-zag-and-flat-corrections-how-to-recognize-and-label-corrective-waves)
[Elliott Wave Counting Tutorial #3](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-iii-how-to-label-and-apply-triangle-price-corrections)
[Laddering](https://steemit.com/bitcoin/@haejin/an-effective-buying-and-selling-strategy-laddering-a-tutorial-on-to-cast-a-ladder) and [Buy/Sell Setups](https://steemit.com/bitcoin/@haejin/when-to-buy-and-sell-using-elliott-waves-a-tutorial). 
[Laddering Example with EOS](https://steemit.com/bitcoin/@haejin/eos-target-usd3-22-analysis-update-live-real-time-laddering-example-you-don-t-want-to-miss-this)
[Tutorial on the use of Fibonacci & Elliott Waves](https://steemit.com/bitcoin/@haejin/tutorial-on-the-use-of-fibonacci-ratio-and-elliott-waves)
[@haejin's Trading Nuggets](https://steemit.com/bitcoin/@haejin/haejin-s-trading-nuggets-all-learned-through-tonnages-of-failure-experiences)
[Essay: Is Technical Analysis a Quantum Event?](https://steemit.com/bitcoin/@haejin/essay-is-technical-analysis-a-quantum-event)

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