$ZEC
has made a sharp move this week after Zcash devs agreed on the NU7 mainnet activation block. 🔒
The upgrade is targeted for around Nov 5 and cuts block time from 75 to 25 seconds, so confirmations get 3x faster. Grayscale's Zcash ETF also took in $15 million on Wednesday, its best day in a month after three weeks of outflows.
I'm leaning bullish. I think ZEC could break $1,350 and test $1,450 into the Nov 5 upgrade, though it got rejected near $1,350 recently and slipped back to about $1,253.85.
Levels I'm watching: support $1,200, level to reclaim $1,290, resistance $1,350 then $1,450. A 4h close under $1,200 and I'm wrong.
Risk: volume is thin versus September, and Nov 5 is a target, not a promise, with only 6 of 12 readiness tasks done.
Which one do you think breaks first, $1,350 or $1,200?
#ZEC #Zcash #NU7
Not financial advice.
has made a sharp move this week after Zcash devs agreed on the NU7 mainnet activation block. 🔒
The upgrade is targeted for around Nov 5 and cuts block time from 75 to 25 seconds, so confirmations get 3x faster. Grayscale's Zcash ETF also took in $15 million on Wednesday, its best day in a month after three weeks of outflows.
I'm leaning bullish. I think ZEC could break $1,350 and test $1,450 into the Nov 5 upgrade, though it got rejected near $1,350 recently and slipped back to about $1,253.85.
Levels I'm watching: support $1,200, level to reclaim $1,290, resistance $1,350 then $1,450. A 4h close under $1,200 and I'm wrong.
Risk: volume is thin versus September, and Nov 5 is a target, not a promise, with only 6 of 12 readiness tasks done.
Which one do you think breaks first, $1,350 or $1,200?
#ZEC #Zcash #NU7
Not financial advice.