Privacy coins are supposed to move as one trade. Today $XMR and $ZEC split in opposite directions, and the split is the story.
I'm watching $XMR near $624, up about 3% in 24 hours, while $ZEC fell about 8% into its November 5 upgrade week and $BTC went nowhere near $77,400.
My 4H chart shows it grinding off a $600 base defended for days, now pressing the $630 line after a late-October spike toward $650 faded.
The doubt I can't shake: that $650 rejection is the last word on strength, and one report of a venue cutting European access on October 31 adds friction no chart can price.
The floor I'm watching is $600; a 4-hour close under it unwinds this setup, and a close over $630 reopens the October ceiling.
Is this split a real rotation into $XMR, or just $ZEC's pre-upgrade nerves — and what print settles it for you?
Not financial advice. DYOR.
$XMR $ZEC #Monero #PrivacyCoins #Zcash #Altcoins #CryptoMarkets
I'm watching $XMR near $624, up about 3% in 24 hours, while $ZEC fell about 8% into its November 5 upgrade week and $BTC went nowhere near $77,400.
My 4H chart shows it grinding off a $600 base defended for days, now pressing the $630 line after a late-October spike toward $650 faded.
The doubt I can't shake: that $650 rejection is the last word on strength, and one report of a venue cutting European access on October 31 adds friction no chart can price.
The floor I'm watching is $600; a 4-hour close under it unwinds this setup, and a close over $630 reopens the October ceiling.
Is this split a real rotation into $XMR, or just $ZEC's pre-upgrade nerves — and what print settles it for you?
Not financial advice. DYOR.
$XMR $ZEC #Monero #PrivacyCoins #Zcash #Altcoins #CryptoMarkets
