📉 Is the downtrend on #REZ coming to an end?
Renzo has become one of the leaders amongst the alts on the drawdown. It even updated its global low.
At the same time, the price stopped at ~$0.014 as support. At the moment of maximum capitulation of the bulls, the liquidity underneath it was removed.
Having said that, the move of the last few months has accumulated a lot of arguments for upside 📈:
1. Global bullish divergence with RSI.
2. Local bullish divergence with RSI.
3. Bullish wedge formation.