Cardano: Is ADA setting up for further decline below $0.406?

Cardano: Is ADA setting up for further decline below $0.406?

full version at ambcrypto
In the last 7 days, ADA has plummeted by 7.43%. The market sentiment indicates more sell-off with short positions paying longs. 

Recent conversions

0.006 BTC to CAD 7000 BTC to NOK 0.0021 ETH to NOK 54 ETH to GBP 7000 NT to BTC 0.00012 BTC to CAD 0.49 SOL to NZD 0.078 BTC to GBP 0.05 SOL to AUD 0.1 ETH to AUD 0.0034 BTC to CZK