Ribbon Finance #RBN Inverse Head & ShouldersIt'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
RBNUSD
RBN/USD LongUpon analyzing the four-day timeframe, it is apparent that Ribbon Finance's token price has undergone a significant decline. Despite this, the protocol appears to have promising potential, leading to the possibility of a favorable long position while DeFi investments are currently out of favor with investors.
However, it is essential to note that there are some obstacles to overcome in the short term, specifically a sell order block and a bearish order block, which must be surpassed before the token price can reach its short-term peak with greater ease. While the current trend has been unfavorable for Ribbon Finance's token price, the underlying protocol's potential merits and current signals in Market Cypher B show a possible opportunity for the trend to change.