setup for an inverse head and shoulder leading to breakout

With BTC looking like it's about to run up to test the $13,800 range KNC will likely take a sizable dip in response as BTC siphons from the smaller alt coins. I'm expecting KNC to drop to/just under the rising trend line likely around $1.62 at it's low with KNC recovering and retracing its position back up in short time when BTC stalls after it's run. This scenario would complete an inverse head and shoulders pattern within the overall consolidation giving an impulse target around $2.49 for it's breakthrough.