$ADA on the daily chart is breaking down after an impulsive movement to $1.3352. 

I believe we have peaked in an Elliot wave 1 and a wave 2 is now imminent.

 The minimum targets for the wave 2 lie between $0.8045 - $0.5010. Within this areas we should find support and start a bounce in an impulsive Elliot wave 3.