Polkadot has been playing a inverse relationship with Cordano when it comes to pure technical analysis. As the Cordano price started to retrace and went into Short Swing down its support at $1.18 , Polkadot started a bullish. It has now retraced to an ascending channel support and is near Fibonacci Retracement of 50% at $36.00. I reckon this is real good long trade to take for serious day traders
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.