Long

SSC - Big upside

Updated

is ready to go higher.

This is a new trade I have initiated.

Company focuses on implementing Blockchain technology.

Overall (M)

Volume Flow

Price & Volume Trend & Efficiency

OBV & Accum

Overall Daily

I will update this soon.

-AB

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KC & BB Squeeze (Monthly)
Fibonacci Extension of Wave 1 & 2

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Head and Shoulders

Initial Wave

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Next, working on fundamentals...

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09:28 AM EDT, 08/29/2018 (MT Newswires) -- Seven Stars Cloud (SSC), a digital asset company, said the Financial Industry Regulatory Authority (FINRA) has approved the company's acquisition of a 27% ownership stake in The Delaware Board of Trade Holdings Inc., which operates a blockchain-based alternative trading system.

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Per the original announcement made on December 20, 2017, the deal involved a cashless share swap involving SSC's shares with those of the current owners of DBOT and will see SSC take a seat on DBOT's Board of Directors as part of the agreement.

"We fully recognize the strategic value of Alternative Trading Systems in the wake of regulation on digital assets and general alternative asset classes," said Bruno Wu, Chairman and CEO, of Seven Stars Cloud (to be renamed Ideanomics). "This is underscored by the SEC's Alternative Trading System (ATS) List, which continues to grow with new market entrants. We are extremely pleased that we have received this approval from FINRA, which allows us to take a meaningful ownership stake in the DBOT ATS.

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