#KNC LTF Analysis:
$KNC is trading inside a descending channel on the 4H, and it just bounced off the lower boundary and reclaimed the channel midline. $KNC is now consolidating around that area, which is a constructive sign.
A clean breakout above the upper channel boundary (~$0.145) would be the trigger for a move toward the ~$0.155-$0.16 area. A retest of the broken trendline as support would make the setup even stronger.
$KNC is trading inside a descending channel on the 4H, and it just bounced off the lower boundary and reclaimed the channel midline. $KNC is now consolidating around that area, which is a constructive sign.
A clean breakout above the upper channel boundary (~$0.145) would be the trigger for a move toward the ~$0.155-$0.16 area. A retest of the broken trendline as support would make the setup even stronger.