ADA/USD The primary trendCardanoCRYPTO:ADAUSDTraders_NotesThe primary trend is an ascending channel. Two major accumulation cycles are clearly visible on the chart: 2017–2021. The 2021 impulse came immediately after the COVID crash, which fits perfectly into the structure of the main ascending trend. The price is now back at the lows zone. The question is whether there will be another drop similar to the COVID-style one. If the logic of the main ascending channel holds, the $2 zone looks quite achievable with high probability. In the secondary trend, an accumulation channel with rising highs is forming — something similar to a Livermore channel. Such formations often produce a strong breakout. In my view, the risk-to-reward ratio here is potentially favorable. Locally, the price has been squeezed into a narrow range at the support of an expanding formation for about 50 days. The resolution may be coming soon.