KCS’s price is found right on the $17 support level . If broken, then price will likely quickly take a nosedive.

Volume is low and the indicators are all bearish . If the market sentiment does not change soon (which appears unlikely), then KCS’s consolidation between $21 and $17 will end with a breakdown.

The next key level of support is found at $15 should that be the case.

With both the stock market and BTC taking a beating it is very hard to be bullish . Therefore, my bias is bearish at this time and prepare for the worse while hoping for the best.

Ideally KCS will be able to have a nice bounce after reaching $15.

Time will tell. Until then, stay safe!

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