$ZEC is in focus because $41.1M flowed back into Zcash spot products last week, ending three straight weeks of outflows. Price didn't rip though. It chopped between $1,120 and $1,223 recently and is sitting near $1,227.
I'm cautiously bullish. The flow flip is real, and the NU7 upgrade is due around Nov 5. But price is testing its short-term EMAs, so I want confirmation.
Support I'm watching is $1,175. Resistance is $1,268, then the $1,296-$1,385 supply zone that capped last week's bounce. If $1,175 holds, I think a test of $1,268 into the Nov 5 upgrade is possible, but I'm not forcing it. A daily close below $1,117 tells me I'm wrong and opens $1,000.
Are you playing ZEC into NU7, or waiting for the upgrade to pass?
#ZEC #NU7 #CryptoNewss
I'm cautiously bullish. The flow flip is real, and the NU7 upgrade is due around Nov 5. But price is testing its short-term EMAs, so I want confirmation.
Support I'm watching is $1,175. Resistance is $1,268, then the $1,296-$1,385 supply zone that capped last week's bounce. If $1,175 holds, I think a test of $1,268 into the Nov 5 upgrade is possible, but I'm not forcing it. A daily close below $1,117 tells me I'm wrong and opens $1,000.
Are you playing ZEC into NU7, or waiting for the upgrade to pass?
#ZEC #NU7 #CryptoNewss
