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#ADA is a very interesting and revealing chart.
Notice that the most recent low was a NEW LOW. This means that we MUST count the large move up as A and NOT 1 (because wave 2 cannot retrace more than 100% x 1)
So the move down appears to be B and will likely go lower before the turnaround. The good news is, we should exceed $ADA 1.3278 in the Bull run expected to begin late this year.
RSI is near the bottom but can go lower in a capitulation scenario

#ADA shows a clear 5 waves up as an impulsive wave 1 OR A. The 5th wave showed bearish Divergence as momentum faded and the 3rd wave was exactly 4.236 FIB X wave 1
Following the impulse we have had a corrective, choppy, overlapping decline which should give way to another impulse higher soon for $Cardano