$ZEC is up about 9% the day before its NU7 upgrade, and derivatives open interest just jumped 23%. Front-running the upgrade, or setting up a sell-the-news? 🚨
Price is around $1,285 to $1,320, after sweeping from $1,159 to $1,347 in one session. It's still below its September highs, but it's up about 170% on the year. NU7 cuts block times from 75 seconds to 25 and is set for block 3,543,405, around November 5. 👀
Levels I'm watching:
🟣 $1,370: breakout level, traders' target, needs a daily close
🔴 $1,347: today's high, first hurdle for bulls
🟢 $1,205: support, the 50-day average and triangle floor
⚠️ Lose $1,190 and the triangle breaks, with $1,050 in view
One more catalyst: Zcash Community Grants withdrew its 98,000 ZEC funding proposal after community pushback, easing a dispute that had weighed on sentiment.
My plan: no chasing a +9% candle. I want a daily close above $1,370 before I add, and I'm out if $1,190 breaks. A glitchy upgrade could hurt; a clean switch is only mildly positive.
Breakout or sell the news? 👇
#zec #zcash #crypto #cryptotrading #PrivacyCoins
@Wise Analyze @Ismeidy @Zetoshi X @Wolf_king88
Price is around $1,285 to $1,320, after sweeping from $1,159 to $1,347 in one session. It's still below its September highs, but it's up about 170% on the year. NU7 cuts block times from 75 seconds to 25 and is set for block 3,543,405, around November 5. 👀
Levels I'm watching:
🟣 $1,370: breakout level, traders' target, needs a daily close
🔴 $1,347: today's high, first hurdle for bulls
🟢 $1,205: support, the 50-day average and triangle floor
⚠️ Lose $1,190 and the triangle breaks, with $1,050 in view
One more catalyst: Zcash Community Grants withdrew its 98,000 ZEC funding proposal after community pushback, easing a dispute that had weighed on sentiment.
My plan: no chasing a +9% candle. I want a daily close above $1,370 before I add, and I'm out if $1,190 breaks. A glitchy upgrade could hurt; a clean switch is only mildly positive.
Breakout or sell the news? 👇
#zec #zcash #crypto #cryptotrading #PrivacyCoins
@Wise Analyze @Ismeidy @Zetoshi X @Wolf_king88
