In my previous analysis on Cardano, I said that the coin will most probably break under the support of the descending triangle starting with the high from the beginning of June. Indeed, we have this break down and now AdaUsd is trading under 0.4 figure. The structure is grossly bearish at this moment and, regardless of BTC's evolution (meaning a bullish move), the price should continue down. At this moment I see 2 scenarios for ADA:
1. In the case of a rising BTC, the price should rise and test the resistance of the triangle and fall again 2. In the case of a drop for BTC and a break of support(which is my preferred scenario), acceleration to the downside for ADA.
The target for the triangle is under 0.3, considering a percentage calculation.