ETHUSD - Looking for some sideway action

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.

Comment:

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.

Comment:

Long @ 720 USD/ETH

Comment:

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.