$ZEC HOLDERS, IS IT TIME TO SELL THE NEWS?
Zcash has already delivered an impressive 10,500% rally over the past 2 years as the “BUY THE RUMOR” trade unfolded.
Now comes the major catalyst: the NU7 mainnet upgrade around November 5–6.
But has the good news already been priced in?
In my opinion, #ZEC looks set for another 50–70% correction over the coming months.
My bearish setup remains valid unless ZEC reaches a NEW ALL-TIME HIGH above $1,699 and posts a confirmed HTF close above that level.
Zcash has already delivered an impressive 10,500% rally over the past 2 years as the “BUY THE RUMOR” trade unfolded.
Now comes the major catalyst: the NU7 mainnet upgrade around November 5–6.
But has the good news already been priced in?
In my opinion, #ZEC looks set for another 50–70% correction over the coming months.
My bearish setup remains valid unless ZEC reaches a NEW ALL-TIME HIGH above $1,699 and posts a confirmed HTF close above that level.
