Hello,
The recent price action in the crypto market was not kind to any coins. Price had been somewhat bad for the BTC. But for the altcoin markets, it was even worse.
Lets have a look into the ETH-USDT.
Overall the price came down, all the way from 1.4k to as low as 433 $. In fact, we are siting at 78% of FIb level today. Now, looking at the indicators, RSI is oversold. BB has still some room to go down.
So, it is fair to say that, for ETH, there is blood on the street.
Question is, what do you need to do, when there is blood on the street?
My other links on the same topic:
https://www.tradingview.com/chart/ETHUSD/ZicIEhy9-ETH-USDT-Blood-on-the-street/
https://www.facebook.com/AnalyzeAndInvest/