ETHUSD - Looking for some sideway action

Updated

ETH bull run looks like it needs to cool down a bit. I would not close any long positions until I see breach of Alligator mid-line, however I would not add any new position until the resistance in red box is cleared.

Note

Let's observe the daily close and decide if we exit longs here or not.
Check the bars on 6 Dec '17 and 22 Dec '17.

Trade active

I'm looking to long Ethereum here, with a stop-loss at 630 USD / Daily close.

It looks like the mid-line of the alligator supported well.

Note

Long @ 720 USD/ETH

Note

I hate to see it when a trade lingers at the stop loss line for so long. Waiting for the daily close bar to terminate this trade.

quickicofacts

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