$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