TREE
ETHUSD At Top Of its Tree in Near TermETHUSD At the top of its tree in near term
Although ETH has struggled for a large part of the last 30 days, it has now doubled from a low at 313 to today's high
at 626. Not bad for a straggler. But it's probably at its upside limits in the near term here and needs to
consolidate some more below the upper parallel before it can go again. May well hammer out a small flag for the
next few hours, especially if 617 keeps stopping the next advance. To clear the way for the next advance from
hereETH would have to find enough power to beat the upper parallel and then to turn it into support on the next
retest from above once broken through. Can either close out longs here and lock in profits and be ready to buy on a
successful near term break above the upper parallel or potentially to buy again from lower down, from 577-551 range.
Lendtree - selling your data to highest bidderTREE is ridiculously priced; the CEO admits that just 2% of mortgages are TREE referrals. I thought most people knew TREE is an information selling site; they issue no mortgages, take no risk and depend on those looking for mortgages to enter their data hoping to get a good mortgage rate. What consumers "get" is their information sold to mortgage outfits that call them over and over and over again.
This morally questionable "business" is valued at about $230 per share and is ripe for disruption. Not only that, word of mouth on the firm is not good with consumers complaining advertised rates don't exist, harassing phone calls and being targeted by firms outside of mortgage makers.
This notion that "consumer data businesses" create value is nonsense. Consumers are wising up to the value of their data...and it ain't zero. Just looking for a place to sell this garbage.





