$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