Binance Coin / TetherUS
Panjang

Binance Coin (BNB): The consolidation of a powerful asset.

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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).

Penafian

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