Oct 8, 14:00 — Two alts, one story. $RUNE and $LTC both broke down out of bearish flag structures at almost the same moment.
$RUNE is the cleaner one: slid from $0.82 in a staircase downtrend, coiled under $0.72 for a day, then broke it on volume with a risk/reward around 1:4.1. $0.72 flipped from support to resistance; back over $0.7275 and the idea is dead.
$LTC ground down from $71, and a big 2h candle sliced through $64.5 with expanding volume. Weaker setup though — dip-buyers were noticeably more active into this breakdown, so expect chop around $61.76 before any clean follow-through. Back over $67.33 invalidates.
These two are the same macro move, so taking both just doubles the same bet. One is enough.
Not financial advice.
#RUNE #LTC #Altcoins
$RUNE is the cleaner one: slid from $0.82 in a staircase downtrend, coiled under $0.72 for a day, then broke it on volume with a risk/reward around 1:4.1. $0.72 flipped from support to resistance; back over $0.7275 and the idea is dead.
$LTC ground down from $71, and a big 2h candle sliced through $64.5 with expanding volume. Weaker setup though — dip-buyers were noticeably more active into this breakdown, so expect chop around $61.76 before any clean follow-through. Back over $67.33 invalidates.
These two are the same macro move, so taking both just doubles the same bet. One is enough.
Not financial advice.
#RUNE #LTC #Altcoins