$ZEC rose about 7% to 11% after NU7 went live, while Bitcoin fell about 5% and ETH dropped 8%. Is this real strength, or is it a no-cause pump? 🚨
Price is around $1,345 to $1,375, after swinging from $1,225 to above $1,380 in one session. Block times are now 25 seconds instead of 75, 60% of transaction fees go into a reserve, and issuance is unchanged. It's still below its September high near $1,653. 👀
Levels I'm watching:
🟣 $1,392: the weekly high, a daily close above it is the breakout
🔴 $1,347 to $1,370: the old hurdle, now needs to hold as support
🟢 $1,315: the consolidation top, reclaim it as support
⚠️ Lose $1,235 and the Bollinger midline gives way, with $1,185 next
My plan: no chasing a green day. I want a daily close above $1,392, or a pullback that holds $1,315, before I add. I'm out if $1,235 breaks.
Relative strength or a pump with no cause? 👇
#ZEC #Zcash #crypto #cryptotrading #PrivacyCoins
@Zetoshi X @BitEagle News
Price is around $1,345 to $1,375, after swinging from $1,225 to above $1,380 in one session. Block times are now 25 seconds instead of 75, 60% of transaction fees go into a reserve, and issuance is unchanged. It's still below its September high near $1,653. 👀
Levels I'm watching:
🟣 $1,392: the weekly high, a daily close above it is the breakout
🔴 $1,347 to $1,370: the old hurdle, now needs to hold as support
🟢 $1,315: the consolidation top, reclaim it as support
⚠️ Lose $1,235 and the Bollinger midline gives way, with $1,185 next
My plan: no chasing a green day. I want a daily close above $1,392, or a pullback that holds $1,315, before I add. I'm out if $1,235 breaks.
Relative strength or a pump with no cause? 👇
#ZEC #Zcash #crypto #cryptotrading #PrivacyCoins
@Zetoshi X @BitEagle News
