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.
