$W H1 Potential Bullish Shark Formation
• Previous TA has been respected and now we see #Wormhole trading below its M15 & M30 EMA200, indicating bearish zone entry on the lower frames.
• Possible bullish shark harmonic pattern formation with D-leg completion on 79% Fib level touch.
• Market still testing strength of H1 EMA200, but a break of it, and so with its 62% key support trendline and VAL could send price further down for an entry to the Fib's golden zone.
• Watching closely at TFO, anticipating a small correction upward as it is already in extremely oversold zone.
Key break points to WOF:
• $0.6686
• $0.6459
• $0.6302
• $0.6296
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Bearish
$W M30 Bearish Cypher
• From my previous TA on #Wormhole, the death cross was halted as price still rose by +9.75% reaching $0.7765 and forming a bearish cypher pattern in the process.
• Market currently trading below bullish NT while EMAs have finally DX; awaiting the change of NT to purple color to indicate bearish momentum.
• M15 EMA200 has moved and currently valued at $0.7284, where market has finally went below it indicating entry towards the frame's bearish zone.
• Price has made a POC breakdown and its recent 38% key support trendline. Further push downwards could have market test the M30 EMA200.
• TFO curved down towards oversold zone from its previous bullish median crossover and indicates more potential downside.
Key break points to WOF:
• $0.7184
• $0.7065
• $0.7010
• $0.6940
• $0.6782
• $0.6686
• From my previous TA on #Wormhole, the death cross was halted as price still rose by +9.75% reaching $0.7765 and forming a bearish cypher pattern in the process.
• Market currently trading below bullish NT while EMAs have finally DX; awaiting the change of NT to purple color to indicate bearish momentum.
• M15 EMA200 has moved and currently valued at $0.7284, where market has finally went below it indicating entry towards the frame's bearish zone.
• Price has made a POC breakdown and its recent 38% key support trendline. Further push downwards could have market test the M30 EMA200.
• TFO curved down towards oversold zone from its previous bullish median crossover and indicates more potential downside.
Key break points to WOF:
• $0.7184
• $0.7065
• $0.7010
• $0.6940
• $0.6782
• $0.6686
Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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