The XMRUSDT 1-hour chart on TradingView shows a promising setup for a buy position. A clear trendline break and retest pattern is visible, with the price breaking above a descending trendline and retesting it as support before moving higher. Additionally, the wave structure supports the bullish outlook, forming an N-wave pattern—a key formation in Ichimoku wave theory—suggesting a strong upward impulse. The combination of the trendline break, retest, Ichimoku cloud confirmation, and N-wave formation makes this a solid setup for a buy position.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.