As per our analysis in the mid-August, Cardano has been moving towards the Fibonacci 127.2% extension support after breaching the key short-term horizontal support around 0.0000170. The coin also performed a perfect re-test formation - breaks the support, closes comfortably below and returns to re-test the support, now in the form of a resistance. This offered another opportunity for bears to increase their stakes and push the price further down. Since then, #ADABTC has created a mini-series of lower lows and lower highs as no signs of the recovery to be seen yet. It is almost certain the next battleground is going to be around 0.0000100, where 127.2% Fibonacci support is located. It is a great opportunity for the bears to take some profits off the table, while those bulls looking to enter a long trade can do so, with a stop below the support on a daily basis. Any recovery to the upside will likely run into key resistance area - down slipping trend line, currently located at 0.00001460.