This won't be easy for beginner traders, unless you read it carefull, only for this time I can answer your questions in the comment. Enjoy!
$CAKE
Here I'm hoping to catch a bump on CAKE as we have a shark pattern forming and triggers if the price reaches 3.4 USD on this harmonic pattern.
So far this pattern has had a high win rate hitting its TP1 zone over its lifetime on a daily candle. So I'm having high hopes for this.
Spotting a shark pattern that triggers at $3.4 which should have a positive desired outcome for my postion.
Over here we have the mvrv ratio formulas {(MVRV 90d / 30d)-1} in the negative and the (MVRV30d-MVRV180d) in the positive showing a potential buying opportunity.
Conclusion:
Keep an eye on $CAKE , could be our next sweet move. 🚀
Find your best entry before shark pattern is fully complete.
DISCLAIMER:
This is not a financial advice, rather than my thoughts and experience being shared to improve my skills + make you better understand different patterns and situation on the market. Always DYOR and Like + Follow for motivating me doing better content.
0 EMOTIONS, ONLY FACTS AND SMART MONEY.
Good luck.