DEEP value buy for RBN incoming ...

113
RBNUSD
Ribbon Finance - Printing what resembles a Wyckoff Creek, possibly making a ST attempt.

Price is inside the 1:0.618 GW extension. If it were to discover a lower low, it could stab down slightly lower than SC support. Or perhaps a bit further: I have a 1:1 extension as potential support if a deeper ST were to occur.

With a Market Cap of 14.4M, this DeFi token could bolt on some serious capital.

Ribbon Finance is a DeFi protocol built on Ethereum that offers structured products, such as automated options strategies to generate yield for users. The RBN token is used for governance, allowing holders to vote on protocol upgrades and decisions.

-Not Financial Advice-
Nota
RBN has printed a doji candle right on the 1:0.786 ratio/selling climax zone. There has not been much action to the upside, but it has been holding rather well. This could be the completion of a 1:0.618 3 wave correction here. However it could retrace lower to the 1:1 ratio band to form a deeper ST if BTC slumps. syot kilat

Penafian

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