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Newhighbreakout

KNC Volume DivergenceKNC is in an uptrend since January while almost all other crypto are in a bear trend. Last 3 days is struggling to break its previous high at $4.25. That's what i'm concerned is the volume. It is declining both it the daily and weekly while price is continue to raise. A rejection is expected in this resistance $4.25 or around 161.8% Fibonacci extension. If you intend to go long it's not a good idea to open your positions now; it's better to wait a clean break and flip of $4.25 before make your actions. If this level doesn't break, the retracement may be as low as 50% or 38.2% Fibonacci levels. Investing is a probability game. Try for consistency, there is no perfection in this. Not financial advice. Always do your own research.
KRAKEN:KNCUSDLong
by Rhaonnor
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