rickyricardo531
Long

LTCUSD --- RIDING THE WAVES WITH VOLUME

COINBASE:LTCUSD   Litecoin / U.S. Dollar
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**
Comment: Condensed the volume profile. Retraced a different impulse elliot wave.

Comment: 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.

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

The green line is a support from way back at $4.
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