#EarningsSeason
ZEC is bouncing hard after a rough month. It jumped about 8% in 24 hours as Bitcoin $ZEC reclaimed roughly $83K, though ETF outflows from ZEC and other funds are still continuing.
Bias: a short-term rebound inside a larger pullback, since the 30-day move is still negative. $ZEC
Bull case: a hold above $1,146 and a push through $1,278 points to the ~$1,320 zone.
Bear case: a loss of $1,072 puts the ~$990 trend line in play. $ZEC
Sources give slightly different prices ($1,243 to $1,276), so I used a rounded figure. Levels come from public analyst write-ups, not my own chart work. This isn't financial advice. #EarningsSeason #ZcashDevelopersConfirmNovemberDateForNU7Upgrade #KoreanRetailLost6.3TrillionWonOnLeveragedETPs
ZEC is bouncing hard after a rough month. It jumped about 8% in 24 hours as Bitcoin $ZEC reclaimed roughly $83K, though ETF outflows from ZEC and other funds are still continuing.
Bias: a short-term rebound inside a larger pullback, since the 30-day move is still negative. $ZEC
Bull case: a hold above $1,146 and a push through $1,278 points to the ~$1,320 zone.
Bear case: a loss of $1,072 puts the ~$990 trend line in play. $ZEC
Sources give slightly different prices ($1,243 to $1,276), so I used a rounded figure. Levels come from public analyst write-ups, not my own chart work. This isn't financial advice. #EarningsSeason #ZcashDevelopersConfirmNovemberDateForNU7Upgrade #KoreanRetailLost6.3TrillionWonOnLeveragedETPs