Renzo Bottom Pattern But... (140% - 249% Targets)

We have bottom pattern clearly formed on this chart, REZUSDT, and the action already moved above the patterns baseline, but, there is no volume and thus this is a weak signal.

The signal is weak or early but not entirely meaningless. The Adam & Eve bottom formation tends to be highly accurate, that is, the pointed low followed by a rounded low, and this is the bottom pattern present on the chart.

Sometimes volume is not present because the real action is yet to start and volume only shows up when prices start to pierce through strong resistance levels. There is no resistance on the way up, so far.

This is a bullish setup, but these are early signals. Make sure to plan for all scenarios.

Compare this one to REZBTC, see what the other side of the market has to say. Check the 'Related publications' below.

Thank you for reading.

Namaste.