CRO situation with bullish outlook, FOMO during Superbowl?
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The trend reversal has been waited for a while. The FOMO may be initiated by Superbowl and its marketing.
There are all options for it occur soon.
- Superbowl - Crypto companies on steriods - Crypto.com and CRO benefitting from visibility
It is possible that we hit support bands faster than earlier when/if the fomo steps in:
- Binance Forbers Deal - advertising very aggressive - new customers raining in - people want a change
TA - finally entering the middle zone in support bands - bearish momentum may be overcome with bullish momentum, currently accumulation in the middle zone - uncertainty excaggerated by the wideness of the support bands