April 24: Will Ethereum continue to consolidate and correct if it cannot break through key positions?
On the daily chart, Ethereum has consecutively closed with two bullish candles. As expected, it reached the northern target point mentioned in yesterday's video at the range of 1765-1775, aiming for a strong resistance at 1830-1880 here. Our internal team members also made trades at this position, including the Bitcoin video where we captured the northern move at 92100. Overall, yesterday was quite good, and everyone can watch Lao Wang's videos daily. For Ethereum, the daily chart should focus on the 50-day moving average at the 1880 level. If it reaches this area later, it could be a great buying opportunity for a downward move. This is a hurdle; if it passes, it could further push the price to 1955 and above 2000. If it cannot break through, it may prevent a downward move: On the four-hour chart, pay attention to the 1750 area below; if it does not break, look for northern opportunities on dips. Today's intraday strategy maintains a range of high selling and low buying.
Trading Strategy
1775 North: Risk control 23 points: Destination 1815
1830 South: Risk control 23 points: Destination 1785
The market is always changing, so all partners should be flexible in their approach.
The fulfillment of trading training is not about conquering the market, but about finally understanding yourself. May everyone who navigates the market gain wisdom from the fluctuations and find composure over time. 🌱
