Since the major crypto capitulation a couple of weeks ago, KCS has seen one of the strongest and resilient recoveries in the crypto space.

However, with BTC not showing any signs of overall bullishness, I’m not entirely sure if KCS can keep trading this strong bullish trend . When we connect the all-time high and the April local top we can construct a falling resistance which will likely trigger sell orders and shorters. I’m expecting a lot of pressure around this area. So, unless BTC will see more green days I’m wary of KCS’s rally.