Massive Conversions ---- RBNBased on the rebranding, AEVO recently started the conversion with RBN. The conversion ratio is 1:1. This provides traders with significant basis arbitrage opportunities. Although it is a rebranding, RBN's main product is the option vault, which transforms the option seller market into vaults to provide continuous yield. In addition to options, AEVO provides Pre-market and Perptual markets to attract more funds.
From a business perspective, the launch of AEVO not only consumed the buyer demand for Ribbon’s options, but also became the main pre-market in EVM chains. The rebranding was successful.
But in terms of price , perhaps the decline is still not over. We use RBNUSDT to ensure that there is sufficient data to support the indicator signal. At present, RBN has given up all the benefits brought by the token conversion. And the trading volume gradually increased during the decline.
Judging from the TSB indicator, after a long bullish trend, the TSB indicator gave a SELL signal on April 23. RBN then entered a bearish trend and the column remained below the wavy zone. This indicates that the bearish trend will continue.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
RBNUSDT
RBN/USDT 1D. Accumulation. Fake-out. Back to the channel.Ribbon Finance Secondary and main trends.
As on many cryptos from the beginning of trading history - downtrend. Then breakout of this downtrend and horizontal accumulation channel started to form(stop of price drop).
This channel is lasting for more than 400 days already. This is more than a year already.
Notice that there was a fake-out of this accumulation channel and then price turned back to it. This is a very positive sign for potential bullish price movements.
As for now there has been a downtrend in a secondary trend formed which can be noticed by downtrend line(red on the chart) in this secondary trend.
This downtrend was recently broke above and now we can observe the retest of it.
From the ATL(all time low) - price has moved for 70% already. More of 70% potential is hidden above to the resistance of this horizontal channel.
Then the middle-long term potential is about 400%. I would say about half a year-year for such potential quite real.
The project is going to fully rebrend on AEVO which is why i paid my attention to it and it's certainly a bullish sign also.
The asset can be traded on coinbase, gate and bitget.
