So since this recent dip began there three coins which I have focus on because they are not dipping like other Altcoins have been. Solana dropped 32% in total, since the recent dip started, but it has always recovered super fast any time it dip's below $135.7, DYDX dropped but it's also is recovering right now and as for GALA it dropped 31.85% but it's currently recovering nicely.
My full analysis on Solana, DYDX and GALA
NOTE: this analysis plays out if Bitcoin doesn't fall down further.
Solana
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From the chart above you can see that every time Solana dip's to the support area a $135.7, it bounces off it quickly and has always closed below it, but yesterday price close below it but formed a morning star, which is a reverse pattern, and it was a confirmation that price will bounce of the support which it did and nicely, I took the advantage of the dip to accumulate more Solana.
If don't have some already you should look into buying some or swap some of your coins you don't feel like holding anymore for it.
DYDX
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My analysis I'm expecting price to go up but that is if Bitcoin doesn't fall further, because It bounced of previous resistance, and formed a morning star on the previous resistance turned support.
Morning star is a reverse pattern. So that kind off extra confirmation. In my opinion
GALA
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GALA just formed a support area, and both swigs where formed by morning star pattern, am expecting price to either continue going up or come back to test the newly formed support before eventually going up, but if price break below it, it's advisable to wait and see what price does before taking any action. but this also depends on if Bitcoin doesn't drop further.
On h1 timeframe there is an upcoming resistance level to look out for, It may or may not trigger the retest of the support level, so am still watching to see what price does.
Disclaimer: this is purely chart analysis not financially advise. Happy Trading 😊.