My previous post on Cardano (ADABTC) can be found below:
https://coinanalyst.investments/2018/06/17/technical-analysis-of-cardano/
The main points in this analysis that was mentioned in the previous post include the following:
(i) A close below the major trendline implied more bearish action in Cardano (ADABTC).
(ii) Price closing below ~0.00002361 could see Cardano (ADABTC 0.34%) test support (not shown here) between ~0.00001387 and 0.00001068.
Price action currently did close below 0.00002361, but is not yet at the mentioned support area above. However, using the adjustment of the price channel and current price action do indicate that the following will be critical for Cardano (ADABTC).
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