Core is built as an L1 blockchain that is compatible with Ethereum Virtual Machine (EVM), therefore it can run Ethereum smart contracts and decentralized applications. The Core network is powered by the “Satoshi Plus” consensus mechanism, which secures the network through a combination of delegated Bitcoin's mining hash and delegated Proof-of-Stake.
Anyway, CORE been in a downtrend from birth. After CORE broke the downtrend line, CORE moved into an ascending channel, and recently CORE broke this channel with momentum and now reaching the first horizontal resistance area. Core probably rest at this area for a while; if break this area, further upward movement is possible. Let's see what happens.
Anyway, CORE been in a downtrend from birth. After CORE broke the downtrend line, CORE moved into an ascending channel, and recently CORE broke this channel with momentum and now reaching the first horizontal resistance area. Core probably rest at this area for a while; if break this area, further upward movement is possible. Let's see what happens.
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So, CORE went up and reached the major horizontal area-local ATH-but couldn't break it. Then correction started and CORE went doen. It seems the descending triangle correction pattern is ended when CORE broke upward. Let's see if CORE can reach the major horizontal area again or even break it.
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.