LTCUSD --- RIDING THE WAVES WITH VOLUME

Panjang

Litecoin (COINBASE:LTCUSD)

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COINBASE:LTCUSD Litecoin

Here I applied the Elliott Triangle Wave. Each wave should have atleast 3 subwaves in descending-ascending-descending order. I drew what could be an incoming impulse wave after we complete the triangle guided by the volume profile and resistance/support levels. Looks like were bouncing between the node located at the 150ish area and the 114ish area. Theres a strong developing point of control at below us at the 109 mark.

**THIS IS NOT FINANCIAL OR TRADING ADVICE**

Komen:

Condensed the volume profile. Retraced a different impulse elliot wave.

Komen:

Zoomed into the peak at the 240$ level. Looks like the volume profile is showing a high volume node taking us in the 150$ direction. I think theres going to be a retracement afterwards down and more or less follow the D-E elliot wave.

Komen:

Will it go red or green? Either way, looks like its up later.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.