E L E N
--
$TREE is in a sideways-to-bullish consolidation.
Price is finding solid footing near $2.85 support, while resistance at $3.40 is capping upside momentum. A breakout here could reset the trend higher.
Fibonacci Levels:
From the recent swing low to high, $TREE retraced into the 0.5–0.618 Fib zone ($2.82–$2.95) and held it well. That’s a constructive sign. Next upside Fib target sits near $3.58 (0.786 level), with the extension zone around $3.95–$4.10.
RSI:
RSI is hovering around 54, signaling neutral-to-bullish strength. Not overbought, not oversold — momentum has room to build if bulls step in.
Entry Zones:
Safer Entry: $2.85–$2.95 (support + Fib cluster)
Aggressive Entry: Break and close above $3.40 resistance
Take-Profit Zones:
TP1: $3.58 (Fib + minor resistance)
TP2: $3.95–$4.10 (extension zone & potential supply wall)
Stop-Loss Ideas:
Conservative SL: Below $2.80 (structural invalidation)
Tight SL: Below $2.95 (just under safer entry zone)
📊 Bottom line: $TREE is coiling, and this setup looks like accumulation before the next push. Watch $3.40 closely — a clean breakout could shift sentiment quickly.
@Treehouse Official #Treehouse
Price is finding solid footing near $2.85 support, while resistance at $3.40 is capping upside momentum. A breakout here could reset the trend higher.
Fibonacci Levels:
From the recent swing low to high, $TREE retraced into the 0.5–0.618 Fib zone ($2.82–$2.95) and held it well. That’s a constructive sign. Next upside Fib target sits near $3.58 (0.786 level), with the extension zone around $3.95–$4.10.
RSI:
RSI is hovering around 54, signaling neutral-to-bullish strength. Not overbought, not oversold — momentum has room to build if bulls step in.
Entry Zones:
Safer Entry: $2.85–$2.95 (support + Fib cluster)
Aggressive Entry: Break and close above $3.40 resistance
Take-Profit Zones:
TP1: $3.58 (Fib + minor resistance)
TP2: $3.95–$4.10 (extension zone & potential supply wall)
Stop-Loss Ideas:
Conservative SL: Below $2.80 (structural invalidation)
Tight SL: Below $2.95 (just under safer entry zone)
📊 Bottom line: $TREE is coiling, and this setup looks like accumulation before the next push. Watch $3.40 closely — a clean breakout could shift sentiment quickly.
@Treehouse Official #Treehouse
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.