$ZEC is pumping again, but top traders just flipped from 81% long to 24% long. Who's right? 🚨
Price is around $1,360, up about 7% on the day and 11% on the week, pressing the 20-day EMA and the top of its range. The NU7 upgrade is targeted for around November 5. 👀
Levels I'm watching:
🟣 $1,370: range top, a daily close above it is the breakout
🔴 $1,345: 20-day EMA, reclaimed, now it must hold
🟢 $1,283: support, bulls must defend it
⚠️ Lose $1,225 and $1,079 is next
Mixed headlines: Coin Shares' Zcash ETP was suspended on its first trading day in Paris because of settlement issues, and a co-founder has proposed ending grants funding.
My plan: no chasing a +7% candle. I want a daily close above $1,370 before I add, and I'm out if $1,225 breaks.
Breakout or squeeze trap? 👇
#zec #Zcash #Crypto #cryptotrading #PrivacyCoins
@Zetoshi X @Ismeidy @Wise Analyze @BitEagle News
Price is around $1,360, up about 7% on the day and 11% on the week, pressing the 20-day EMA and the top of its range. The NU7 upgrade is targeted for around November 5. 👀
Levels I'm watching:
🟣 $1,370: range top, a daily close above it is the breakout
🔴 $1,345: 20-day EMA, reclaimed, now it must hold
🟢 $1,283: support, bulls must defend it
⚠️ Lose $1,225 and $1,079 is next
Mixed headlines: Coin Shares' Zcash ETP was suspended on its first trading day in Paris because of settlement issues, and a co-founder has proposed ending grants funding.
My plan: no chasing a +7% candle. I want a daily close above $1,370 before I add, and I'm out if $1,225 breaks.
Breakout or squeeze trap? 👇
#zec #Zcash #Crypto #cryptotrading #PrivacyCoins
@Zetoshi X @Ismeidy @Wise Analyze @BitEagle News
