$ZEC is holding up while the rest of the market bleeds, and the NU7 upgrade (blocks drop from 75 to 25 seconds) is why I'm watching it. BTC lost about 5.7% in 24 hours, but ZEC is only down around 2% near $1,286.
That's real relative strength on a day with over $1 billion in liquidations. I'm leaning bullish, but only while support holds, because ZEC already ran hard and sell the news is a real risk.
I'm watching $1,250 as support and $1,350 as resistance. If $1,250 holds, I'd expect a push toward $1,350 over the days after today's US jobs report. A daily close below $1,200 would prove me wrong. 👀
Are you trading the NU7 move, or is it already priced in?
#ZEC #Zcash #NU7
The pump is easy to see. The reason and the next move are not. Follow for both.
That's real relative strength on a day with over $1 billion in liquidations. I'm leaning bullish, but only while support holds, because ZEC already ran hard and sell the news is a real risk.
I'm watching $1,250 as support and $1,350 as resistance. If $1,250 holds, I'd expect a push toward $1,350 over the days after today's US jobs report. A daily close below $1,200 would prove me wrong. 👀
Are you trading the NU7 move, or is it already priced in?
#ZEC #Zcash #NU7
The pump is easy to see. The reason and the next move are not. Follow for both.
