3 Reasons Why THETA Coin Can Boast Your Portfolio Profitability in 2023
Under the influence of a support trendline, the Theta coin price has shown a sustained recovery for the past six weeks. From the last swing low of $0.861, this bullish rally recorded a 30% rally to reach the current price of $1.129. However, analyzing the daily time frame chart, we spotted three key reasons why Theta coin price may witness significant growth in the year 2023. advertisement Massive Reversal Pattern Formation in Theta Price Source- Tradingview In the daily time frame chart, the Theta coin price shows the formation of an inverted head and shoulder. This pattern is one of the famous bullish reversal patterns consisting of one long swing low known as the head, two shorter swing lows called shoulders, and a key neckline resistance. By the press time, the Theta count traded at the $1.13 mark, and using the aforementioned support trendline, the price may rise 15% to hit the $1.3. Thus, a potential breakout from the pattern r...