$ZEC HOLDERS, IS IT TIME TO SELL THE NEWS?
Zcash has already delivered a staggering 10,500% rally in the last 2 years as the "BUY THE RUMOUR" trade played out.
Now comes the major catalyst: NU7 Mainnet Upgrade around November 5–6.
But is the good news already priced in?
IMO, #zec looks ready for another 50–70% correction in the coming months.
My bearish setup remains valid unless ZEC makes a NEW ATH above $1,699 and delivers a confirmed HTF close above that level.
Remember: Buy the rumour, sell the news.
Is this the beginning of a massive sell-the-news event or will bulls surprise everyone again
Zcash has already delivered a staggering 10,500% rally in the last 2 years as the "BUY THE RUMOUR" trade played out.
Now comes the major catalyst: NU7 Mainnet Upgrade around November 5–6.
But is the good news already priced in?
IMO, #zec looks ready for another 50–70% correction in the coming months.
My bearish setup remains valid unless ZEC makes a NEW ATH above $1,699 and delivers a confirmed HTF close above that level.
Remember: Buy the rumour, sell the news.
Is this the beginning of a massive sell-the-news event or will bulls surprise everyone again