FTFT New Blockchain Division | digital currency trading serviceThe blockchain division purpose is to develop, operate and manage the Company's previously announced bitcoin mining farm in the United States and Paraguay and to coordinate its announced Dubai-based digital currency trading service and crypto asset management.
My price target is the 3.15 resistance.
FTFT trade ideas
$FTFT is gonna fall todayPupm&Dump trading strategy idea.
$FTFT is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $2,97;
stop-loss — $3,14;
take-profit — $2,62/MOC
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Closed my position. Decided today to take my losses on this as the daily chart is looking somewhat bearish. First the 50 sma line just went below the 200 sma line, which indicates a downtrend, and second the MACD looks to be closing green ready to turn red. This one is one that i got in based on hype and did not do my DD at first. The company seems okay but for me it is just not worth holding as it hasnt done much. Will keep my eye on it in case i bullish moves, and keep an eye on the news section.
FTFT Blockchain can see a 1-2x from here easily if support holdsNot financial advice.
Everything detailed on chart.
2 different directions it can currently take but I'm leaning more it come to 4.50-5ish level then 2x from there.
But also can retest the 4.00 and 3.00 range as well.
Risk to reward seems greater to me as I see it can go higher than really lower again.
You be the judge.
Getting more skin in the crypto mining game.
Is it enough to propel it to a 2x. Time will tell.
I'd feel it can and considering the gains from Mara and Riot I'd be even more willing to believe this has lots of room to move.
Been under the radar.
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$FTFT Target PTs 11-20 and higherFuture FinTech Group Inc., through its subsidiaries, operates a real-name block chain e-commerce platform that integrates block chain and internet technology in People's Republic of China. It operates through CCM Shopping Mall Membership, Sales of Goods, and Others segments. The company offers Chain Cloud Mall (CCM), an enterprise customer interactive and comprehensive shopping and sales service platform; NONOGIRL, a cross-border e-commerce platform; and DCON, a block chain-based application incubator and a digital payment system. It also engages in the development of block chain-based e-commerce and financial technology. The company sells its products directly to end-users, exhibitions, and distributors, as well as trade Websites. The company was formerly known as SkyPeople Fruit Juice, Inc. and changed its name to Future FinTech Group Inc. in June 2017. Future FinTech Group Inc. is headquartered in Beijing, the People's Republic of China.
Under the radar company. Saw FTFT in a news article where they had purchased 20,000 antminer bitcoin mining machines. The Company intends to increase there exposure in the crypto sector, and with bitcoin moving up this should provide the company with cash as bitcoin moves higher. Daily chart looks pretty good considering the market conditions we are in. It is trading right at the 50 sma line while the MACD is looking like its closing red and ready to turn green. RSI looks like it is starting to head up, and keep in mind earnings are coming up in 7 days. Started a small position as i am currently looking at my positions to see which companies i believe in and which i am not sure about. I see a 2x opportunity here maybe even 3x.
FTFT prediction of future potential breakout Future fintech if it can push through that trendline has massive breakout potential to approx 13$. From here we have a good entry point and area of value. Set the stops and enjoy a stress free high trade. Or play it even safer and wait for a break and retest of the trend line, this is a more conservative option as it could very well just pingpong off that trendline and head back down to 4$ area..with bullish bitcoin I expect the first option.
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Super risky super rewardingPotential gain:115%
Reward/Risk:3
Timeframe: 1-4 wks
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$FTFT Enter Into Cooperation Agreement to Use Blockchain TechFuture FinTech and China Foundation of Consumer Protection Enter Into Cooperation Agreement to Use Blockchain Technology Against Counterfeit Products.
The "Responsible Brand Plan" will be officially launched in March 2021 and operated by the "Quality and Safety Office" of the Anti-Counterfeiting Committee of China Foundation of Consumer Protection.
The Responsible Brand Plan will make full use of the real name based blockchain anti-counterfeiting tracing technology developed by CCM, which will not only protect the legitimate rights and interests of the enterprises and their brands, but also impose responsibility for their product's quality and safety."
finance.yahoo.com