$IO H4 Potential Bullish Shark Formation.

• After 11 days from my previous TA on this coin, the bearish butterfly harmonic pattern has finally formed and its greedy retracement could somewhere be towards $2.14 price zone.

• A potential bullish shark harmonic pattern formation is also spotted with D-leg completion on a touch towards its current POC valued at $2.423.

• Market still below EMA200 signifying it has not yet exited bearish territory.

• Trading just slightly above bearish NT.

• EMAs likely to DX if selling pressure continues.

• 50% key support trendline broken.

• TFO has reentered lower neutral zone from oversold status, but could just bounce from median and continually dip.

Key break points:

• $2.589

• $2.423

• $2.320

• $2.262