#XRPETFs Third: The Struggle Between Bulls and Bears as Depicted by Japanese Candlesticks

Japanese Candlestick is one of the systems or methods for displaying price movement on charts, through which we can read all the data related to each trading session, on any time frame, whether small or large. This means we can read the opening and closing prices, as well as the highest and lowest prices, at a glance from Japanese candlestick charts.

The credit for inventing this type of chart goes to a Japanese rice trader named Munehisa Homma in the eighteenth century, and Japanese candlesticks soon became popular among market traders in Japan.

They then made their way to Western Europe through market expert Steve Nison in the 1990s. Since then, Japanese candlesticks have represented the primary approach to reading and analyzing price movement in various financial markets.