$W M30 Downward Cypher

• From my previous technical analysis on #Wormhole, the deadly crossover stopped as the price continued to rise +9.75% to $0.7765 and forming a bearish Schiffer pattern in the process.

• The market is currently trading below the bullish NT while the EMA has finally reached the DX; Waiting for the NT color to change to purple to indicate downward momentum.

• The M15 EMA200 has moved and its value is currently at $0.7284, as the market finally fell below it, indicating entry into the bearish zone of the framework.

• The price broke the POC and the last major support trend line by 38%. Further push to the downside could lead to the market testing the M30 EMA200.

• TFO curves down towards oversold territory from the previous bullish average crossover and indicates further downside potential.

Key stopping points for WOF:

• $0.7184

• $0.7065

• $0.7010

• $0.6940

• $0.6782

• $0.6686