<center>![](https://steemitimages.com/DQmVRmBpJR6tJhqrfmyGhDrVMnzfTBGR1u52FSa6pgwe6AQ/image.png)</center>
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**SUMMARY**

On February 12th, an ascending right triangle pattern was presented [RDD was analyzed to 0.086 BTC](https://steemit.com/reddcoin/@haejin/reddcoin-rdd-a-decisive-breakout#smi-post-images-3). The below chart was used where a bullish ascending triangle was labeled to enable an impulse as shown by the blue waves.

![](https://steemitimages.com/DQmYETfsybbAGoecMtzV5v4QwgeXE4Y7XWNsAwkt5GxDbhD/image.png)

Current chart shows how price has transpired since then. The peak of blue wave 5 was exceeded to 00126 BTC. It has for now, kept the breach of the wedge triangle decisive. 
![](https://steemitimages.com/DQmTbAgSonFqczGbHzSkdeVkDBWLd7BW8frcrgFLjrc1tyi/image.png)

Price is currently finishing off a symmetrical triangle as shown by the abcde (red) waves. I believe the e wave is complete and price should breakout to start impulsing along the white waves to complete the blue 3 at around $0.0242 and wave 5 at around $0.0270. Exciting times should be ahead!
![](https://steemitimages.com/DQmNhqzZV48t6UZLRB6PKHZKZ39juR6suHWHMUV6SheYVRR/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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<center>https://steemitimages.com/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV.gif



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