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Technical analysis by AliferCrypto about Symbol CORE: Buy recommendation (4/16/2025)

https://sahmeto.com/message/3697020
AliferCrypto
AliferCrypto
Rank: 33555
1.3

CORE Rectangle Breakout

:Buy
Price at Publish Time:
$0.53096
Buy،Technical،AliferCrypto

COREUSDT appears to be breaking out of a 2 1/2 months long rectangle, and is currently challenging the 100-day EMA. Confirmation: Daily close above $0.58 Invalidation: Break back below the rectangle resistance Target: Previous support at $0.77 (resistance reinforced by 200-day EMA)Breakout confirmed. Watch for a retest of the resistance as support for a potential additional entry opportunity.Resistance retest as support is in, and it offered a very good R/R entry. Here's a 1H chart zoom-in.CORE target reached.

Source Message: TradingView
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