🚨 ZEC MAY BE THE NEXT BIG CRYPTO STORY.
$ZEC has exploded to its highest level since 2018, briefly touching around $888 after a massive rally.
But here's why I'm watching it closely 👀
🟢 Grayscale's Zcash ETF ZCSH started trading on NYSE Arca today.
🟢 ZEC has gained roughly 48% since August 20.
🟢 The token has a hard maximum supply of 21 million ZEC.
🟢 Privacy is becoming an increasingly important narrative in crypto.
But there's a BIG warning:
⚠️ ZEC has already moved extremely fast, and its daily RSI is around 84, meaning the market is heavily overbought.
💡 My strategy: I wouldn't chase ZEC after a huge green candle. I'd rather wait for a healthy pullback and confirmation that buyers are still in control.
If the ETF narrative continues attracting capital, ZEC could remain one of the most interesting altcoins to watch.
Would you buy ZEC after this rally, or wait for a pullback? 👇
#ZEC #Zcash #Crypto #BinanceSquare
$ZEC has exploded to its highest level since 2018, briefly touching around $888 after a massive rally.
But here's why I'm watching it closely 👀
🟢 Grayscale's Zcash ETF ZCSH started trading on NYSE Arca today.
🟢 ZEC has gained roughly 48% since August 20.
🟢 The token has a hard maximum supply of 21 million ZEC.
🟢 Privacy is becoming an increasingly important narrative in crypto.
But there's a BIG warning:
⚠️ ZEC has already moved extremely fast, and its daily RSI is around 84, meaning the market is heavily overbought.
💡 My strategy: I wouldn't chase ZEC after a huge green candle. I'd rather wait for a healthy pullback and confirmation that buyers are still in control.
If the ETF narrative continues attracting capital, ZEC could remain one of the most interesting altcoins to watch.
Would you buy ZEC after this rally, or wait for a pullback? 👇
#ZEC #Zcash #Crypto #BinanceSquare