With BTC dominance falling like a brick, alts are losing steam by the day. Lots of alts are displaying similar patterns, one of the more common ones is a bearish channel .
ADA has slowly but surely trading down in this bearish channel , showing no signs of a bullish reversal anytime soon. When trading alts, keep an eye out for BTC , since alts tend to follow BTC's every move.
Current target would be the bottom of the channel.
Price is going up at the moment. Short entry not hit yet.