So let's get right our technical analysis, so for I o tar against BTC yeah, I noticed that potentially potentially this could be a this could be a. This could be a neckline of saw SIA, some sort of a neckline, and then this gradually be a left shoulder. Alright, this could be a hit. We could be getting a right shoulder and after that, so you can see iota plummet down under the neckline over here. So yeah things are still not looking good. Are there still proper resistance of iota SBCC against the skinny pin client? We are still having difficulty pushing through and a skinny pin client for IO talk against PTC, so right now, yeah we're still not yet in a boot trend. However, if you look, I mean if you were to zoom up from the daily, and you will see that potentially we could be ending the bear trend. We are kind of kind of not exactly, but we are kind of moving sideways for iota against a BT, see usually when bear trends, and they will move sideways. Think some Osiris for all before it rises back up. So yeah feels to me, like we are kind of moving sideways, not exactly, but here you can see that potentially we could actually be moving sideways. Others there have been attempts to break the skinny P incline over here. Another thing to notice that there is huge volume coming in so which means that accumulation is happening for iota against PDC.
The wheels are actually accumulating iota for BT C. So again, at this amount of time you know, as you don't see any reversal Chiappetta. If anything, this actually does look like a hit and shoulders gigantic left shoulder. He hitting the skinny pink line as resistance, and then maybe we might get ourselves a right shoulder and then pub we go lower. So things are still not really looking that sunny it for iota. Things are still kind of a gloomy still gloomy, so yeah be very, very careful about going into a trade too soon for IATA. We would still like to see moves lower moves actually, which would be good too, because potentially hang on hang on just hang on yeah. Potentially we could be getting a double. To be honest, this is really a double bullish. Divergence. If you look closely, this is really a lower low on the price, but it is a higher. Is it a higher low yeah? It is a higher low on the MACD and a higher low on the RSI. So we already have a double bullish: divergence, oh okay, which means that we could be reversing it's just that Tom. I think we probably come down for a triple bullish divergence, and so if we see a triple bullish divergence for IO times, BD C, then that would be great, absolutely great. And then we might have some sort of a reversal back towards the upside it's. Just a term it's a double bullish, divergence it's just that I still don't, see any reversal chart patterns yeah, and so I think potentially this could be a very gigantic inverse left.
Shoulder, Hey right, showed up in mega inverse here and showed us over here. So yeah. There you go that's my take for um. Are you talk against B, T C let's move on to our targets, USD IOT USD, but before that, please give this video a like. If you enjoyed it subscribe to the channel – and let me know what you think about iota in the comments below so far, your target is us. The same thing is like every other coins USD pair. We are actually in a which so be very, very careful because, usually we just resolve to us, I mean rising. We just usually resolved what's the downside during bull season. Usually I don't know why. I need you boo season. Well, you see rising. We just resolved to the up site and you see some your spike coming from rising, which here usually falling wages, result towards moves towards the up site yeah, but during bear season falling wages can resolve towards the downside as well, so yeah. But right now we are not exactly in boo season yet so I think that are these rise. English will resolve back to us the downside and, to be honest, that's actually good, there's, something no that's healthy, because you know you don't know you don't want to have a very unsustainable move towards the upside before things arise, want to build a solid basis before rising From that solid base, so yeah base building usually takes a very long time.
It takes months to build a solid base. So I think that um you be best if I you're talking I'm down it's, just that I don't know when it is going to reverse you're. Already, moving into over BOTS on the stochastic so be very, very careful about going into a traitor for iota. I don't know if this is a. This does look like a shooting star by don't. Think it is a shooting star, so yeah, be very, very careful fuse to me, like a Utah has more downside to go, but I already see I mean there's, really a double bullish, divergence for IO Tongans BTC. So maybe we could really be reversing, but, as you don't see it on the charts, yet there's still no reversal Chaput on yet so we're, just gon na be patient and we're gon na wait for the IO tower wheels to to thing alright. So I guess to see from our technical analysis. Thank you very much for watching. I hope you enjoyed it.