musash1

$NEAR ANALYSIS 05/26/2024 1H CHART

💰CURRENT VALUE: 7,924
💰NEXT SUPPORT: 7,857
💰NEXT RESISTANCE: 8,017
💰WEIGHTED MOVING AVERAGE: working most of the time above the average of 25 and 99
💰RELATIVE STRENGTH INDEX: 39.8, that is, it is oversold, causing an upward trend ahead
💰BOLLINGER BANDS: about to cross the lower band, inferring a reversal to the upside
💰MVRV: 0.99 - uptrend

We notice on the chart a descending parallel channel with 3 touches at the top and 2 touches at the bottom;
The situation is very similar to the end of 2021 and the VOLUME is now much better, meaning an increase in interest in crypto;

$NEAR great news. We begin to see an ascending graph with a very low regression rate (0.32), that is, it is unlikely to fall again in the next few hours. I noticed an ascending triangle, possible reaching 8,000 in the next few hours.

$NEAR Ascending Triangle visualized, possible conversion to ~7,970

$RNDR We may be facing a shoulder - head - shoulder pattern.🤔

$RNDR Are we going for a Shoulder-Head-Shoulder (OCO)

$RNDR Let's go:
Fatal Support: 9,815
Strong Support: 10,059
Strong Resistance: 10,294
Last big drop compared to now:
Now: 23h drop, Volume: 16.78M, -16% in value, Regression Trend: 0.9.
Before: 24 hours of decline, Volume: 13.17M, -13%, Regression Rate: 0.96 and there was a Congestion (lateralization) of 13 hours until rising again.

We noticed a similarity from this data between the last drop and now we have some advantages: 1) NVIDIA report brought more visualization to AI cryptos. 2) our decline is with more volume, that is, we can see this as a richer market and prone to regression. 3) Regression Rate is a little lower, but not bad. 4) The averages are slowly being reached again.
So, calm down. Let's worry if it breaks the fatal support of 9,815, then it will be a big drop.

$RNDR if it breaks the support of 9,998 it will plummet

$SOL Ascending triangle formation, possible big drop ahead. reaching 162.

$RNDR In constant lateralization and a sudden drop in volume. Strong support at 10,350 and strong resistance at 10,800. This congestion came from a strong downward correction, the longer it lasts, the bigger the breakout will be, which I believe is bullish, as we are leaving a descending triangle.

$NEAR 8.170 coming soon. Flag formation. The supports are strong.

$RNDR is emerging from a descending triangle formation, implying an uptrend in the coming days. Its value above the moving average markers also creates strong upward trends.
Yesterday NVIDIA's quarterly earnings report came out and, as usual, they were great, showing the company increasing by 1100% over the last 5 years. But some wonder, why haven't AI cryptos (RNDR, $NEAR ) risen sharply? This is simple. "Buy on rumor and sell on fact." If you analyze, Render had good bullish candles, reaching almost 12,000 and soon after there was a strong correction, and this all happened moments before NVIDIA's announcement. Take it as experience, don't get married to currencies, if it has risen well, sell it and get out, or buy it again, as there will be a correction.
In short: $RNDR leaving a long descending triangle, uptrend with a maximum of 14,042, a value that I BET can reach in the medium term.

$RNDR flag observation at RNDR, preparing for a bullish rally. There will still be a lot of congestion until Nvidia profits come out. patience

$NEAR The flag was formed. It will rise.

$NEAR Great time to buy NEAR. Many only look at $RNDR , but near will also benefit from NVIDIA's results. This fall is just a breather.

$RNDR There will be corrections along the way, downward movements will come and perhaps even the formation of a bearish channel, but don't despair, it's just a rest for the boost.

$RNDR I believe that whoever buys now will still make a little profit at the end of the day. There was an important resistance break in an ascending channel. At 10 pm information from NVIDIA's quarterly earnings report will be released. Until then, many players will want to stock Render, thus increasing its demand and market price. My crystal ball expects max values ​​of 13,000-15,000.

$RNDR It's going to fly now, it has broken the resistance in this small riser pipe, there will now be a small recovery drop and soon after it will explode. Conservatively I think it reaches 13,000 - 15,000, some say up to 30,000 - 35,000. I believe that this immense increase could only happen if NVIDIA's results were historic. Furthermore, I believe it will be within the range of 13,000, which is already a significant increase of ~ 20%
😁

$RNDR Gaining good support. will close the day above 11,000. Tomorrow is the day for this crypto to boom. It's not the best time to buy, but if you buy now you will still make a profit. Those who saved and were patient will be rewarded

$SOL Here is my analysis, I divided it into 3 colors: 1) red will be the price drop, solana had a significant increase that it hadn't had in a while. It reached prices it hadn't reached in a long time. However, this increase did not come from the recovery of great resistance, there was no good support, it came from a lot of congestion, but always maintaining good volume. 2) in yellow there will be a good period of congestion, which will be a time of rest and doubt in the market. 3) here will come a good increase with good support and high candles, as there has been a large increase in confidence in Solana on the part of individuals.
wait for it to fall more and buy $SOL .

$PENDLE What an interesting coin. Many have already made money with it and many will still make money. It is not in the best buying moments, it will continue to rise and break resistance