Technical analysis by Blockunity about Symbol BNB: Buy recommendation (5/17/2024)

The BNBUSDT, one of the largest crypto capitalizations, has unquestionably been an extremely strong asset since the start of the year.We can see that it is currently consolidating in a symmetrical top triangle, a chartist figure favorable to the continuation of an uptrend.The Magic Bands (PMB) had given a very good sell signal at $630, and we can see that the cloud has remained green despite its correction. A green cloud means an uptrend, so everything seems to be going well for this asset, which has been in this trend for almost 200 days, with a very nice buy at under $230!Note also that, despite its rise and strength, BNB is no longer in a period of distribution or attention according to Supreme Vision (BSV).