KNC has had a nice rally recently. Looking like it was to continue on the short term but I believe its going to cool off and get some sideways travel before moving out of the Ichi Cloud. Its blown through the ichi's up until the 12 hour cloud which is acting as a nice resistance. We've also broken through a fib level which should help support some of these gains.
Bearish Divergence on the 12 hour timeframe which is helping solidify my thought on it cooling off before the next leg.
No catalysts upcoming.
Bearish Divergence on the 12 hour timeframe which is helping solidify my thought on it cooling off before the next leg.
No catalysts upcoming.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.