XRPUSD - The huge pullback is a good thing - over $1 in this wee

24 nov 2020

So what i am basing this off is the fact that majority of the time there is a pullback on candles there is always a chance the market will try to revisit the peak of the last candle and in a strong bull or bear trend, it would break the resistance or support respectively and continue. Based on this chart, looking at the further push we had after the 1st pull back it shows that the next day blew past the previous high and more than doubled the size of the previous candle. If we take in to account that we are in a strong bull market; chances are the next day would see price testing today's possible high (saying possible because this may very well push all the way back which will just continue the uptrend anyways) and then push way beyond the high once broken as we seen so in the past. Hence we may very well see us go over the $1 mark within this week