It's #DEFI Defi season hasn't really kicked off yet --- but it will I mean that is literally one of th big Goals of #crypto right? To decentralise Finance?! I've mentioned Ribbon previously as a token to watch So we have a potential breakout & neckline retest going on right now Could be an opportunity. As always your risk your reward
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...
Asset tokenization is one of the most understandable applications for crypto technology. Various consulting and analytical companies estimate that the capitalization of tokenized assets will be around $3-4 billion by 2030. Tokenized assets have no value and have no use without products that utilize these assets to create financial relationships and opportunities....
Here's a breakdown of Ribbon Finance (RBN) volume-spread analysis. All signs are pointing north. Let's see if it can keep the momentum and take us up to the golden Fibonacci profit target. I set limit sells at the .272 and .618 junctures and don't risk holding past the bear orderblocks hovering above those points, especially above the 1.618% which closes out...
| RBNUSDT | LONG @ 1.72 - 1.77 | TP @ 1.79, 1.81, 1.83, 1.85, 1.87 | SL @ 1.42 | PATTERN = BULLISH MACD CROSSOVER | COINBASE | Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved.