BNBUSDT
BNB has formed a double top of sorts, dropped down to around 313usdt support and now it's consolidating. Stoch RSI, RSI, and MACD are suggesting that price is the oversold region but also notice that the 21EMA is crossing the 55EMA spelling a possible downtrend. We might see a bounce back to around 330usdt where the current resistance level sits. A possible scenario from that point would be for BNB to either smash that resistance level or drop and form a triple top which would be quite bearish for BNB. If it does not hold the 313usdt support level, we might hit the lower region of the rising wedge at 292usdt. The same thing might happen here as well, either be bounce back up to the upper level of the wedge or we drop down below the wedge going back to where we formed the wedge. There is a possible support level at around 270usdt which might prevent the price from dropping lower to where the wedge formed at around 225usdt. If that were to happen, we must also consider that there is a very large demand area starting at about 245usdt so it might stop before 225usdt.
Have to keep an eye on what BTC and ETH are doing. Mostly BTC. I don't buy into the idea that ETH is somehow leading the market or the alts. If BTC drops, everything drops.
Not financial advice, I'm not a seasoned TA. I'm learning and this is simply what I have currently observed.
Thank you for your time.