KNC has very strict behaviour from it's respective market makers in terms of respect to most traditional technical indicators
If the regression channel doesn't allow for a major move to the upside (and if bitcoin can continue ranging)
I could see a tap on the fibs lowest level to initiate a move to re-test demand the local low set a few days back during terra event.
Laid out like a meal on the chart - let me know what ya think
TIGHT STOPS - this mf'er loves to rip