$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
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• Market already trading below bearish NT and needs to sustain trading the slow EMA.
• Recently made a fall from the 50% key support trendline.
• Predicting a touch towards the M15 EMA200 @ $0.6936 then a small correction once DX happens, before trying the M30 EMA200 @ $0.6680.
• Fallen back from the VAH and POC could play as a strong support.
• TFO curving down, failing to make a bullish median cross as of the moment.
Key break points to WOF:
• $0.6936
• $0.6684
• $0.6477