THETA broke Falling Wedge reversal pattern

Nov 16, 2023

THETAUSDT on Weekly chart has completed a Falling Wedge pattern that began forming up in August 2022. This pattern is usually viewed as a bullish signal, it suggests an upward trajectory with a potential price target of $1.70. The price has found resistance at the year-long EMA It's important to recognize, however, that while this pattern is a strong indicator of market sentiment and potential movement, reaching the price target is not guaranteed