$IO H3 Potential Bearish Butterfly Formation

• Possible bearish butterfly harmonic pattern formation with D-leg completion on 38% Fib level touch.

• Market above bullish NT.

• Market above EMAs, curving up teasing potential GX once buying pressure continues.

• Above POC and has broken 25% key resistance trendline.

• Currently touching strong resistance right now. Successful break will lead to the 24% Fib level entry.

• TFO still has not entered overbought zone meaning there is more room for upward push if given.

Key break points:

• $2.576

• $2.615

• $2.706

• $2.910

• $3.014