@Khant 23 July 2020

ETH At Final Resistances Before THE MOON!

This morning ,I received an alarm of **ETH** pumping up ****20******$** from tradingview alerts.So I decided to check my **ETH** idea which I published on **July 13th,**

https://www.tradingview.com/chart/ETHUSDT/0w8JpFua-ETH-USDT/

This is the same **3D** chart after today breakout of local resistance zone. Only resistances left before the moon are ****270-274**** **usdt** zone and ****305**** **usdt** zone.

This is **1W** ****ETH/USDT**** where it seems to have brokeout out of top trendline although(weekly candle has not closed yet,weekly candle closes on Monday). So if it close **below** trendline,it wil be a fake out but if it close **above** the trendline,it will make a touch to either first red box(****270-274****) or both red boxes based on price action.It's currently above weekly **100EMA(Blue)** which is bullish although it can go back down before weekly close. So,we have to be cautious of both scenarios <fakeout(**red**) and breakout(**black**)>

So,checking of ****ETH/USDT**** **1D** chart,it had a breakout poking the ****269**** **usdt** today with **Ichimoku Cloud** supporting . So why do I think ETH can breakout of these local resistances and reach the moon? **2 Reasons** ***1.BTC Has bullish short term bias up to*** *****10,200***** ***and*** *****10,500********.***

It's currently at ****9500**** **USDT** local resistance similar to **ETH** but I've already seen this coming ,described about BTC 10,200-10,500 shortterm reasons in my last article.Read here . Right,but what if **BTC** dump instead of pumping as expected?Check out the second reason below. 2.**Strong** ****Cup and Handle**** **Setup in BTC pair** https://read.cash/@Khant/bitcoin-could-retest-10200-10500-again-full-analysis-43ff4d6c

https://www.tradingview.com/chart/ETHBTC/CsmY7Fvq-ETH-BTC-Cup-and-Handle/ Very bullish **Cup and handle** setup on **1W** chart with **100 EMA** resistance sitting at **0.618 fib** line which should be the first target . So where should you buy back? I suggest wait for ****pullback**** and set **35%** buy at ****254****,another **35%** at ****251****,**30%** buy with ****247**** **USDT.** **Share me ur thought/Bullish Fundamentals on ETH .** **Thanks for reading the article.** If you want more of these setups,follow me on tradingview where I usually posts charts there https://www.tradingview.com/u/tikyikhant/ **Read.cash Communities** All About Crypto ;https://read.cash/c/all-about-crypto-0c1c Crypto Trading Analysis/Fundamental Analysis:https://read.cash/c/crypto-trading-analysisfundamental-analysis-d43f Football :https://read.cash/c/football-97db Still using Laggy Broswers like Chrome/Opera & Firefox?Uninstall them at once and Install Better Browser with AD blocker Brave . https://brave.com/mqv544 Get paid for searching on web with Presearch . https://presearch.org/signup?rid=1766597