What is Up with Verge (XVG)?

After a fiver wave up (white); there must be a requisite correction; per Elliott Waves which is governed by Fib mathematics. This correction is unavoidable and sure enough, it took price all the way down to $0.002.
However, what comes after a correction? In Verge's case, larger wave (I) completed and if wave (II) is also placed; then (III) is next and it would take out the highs of (I).