ETCUSD possible cup and handle?

Last week, I first became afraid that ETC was breaking channel. A couple of days afterwards, however, ETC jumped and proved me wrong.

It appears now that ETCUSD has reached the previous high. It is possible to perform a retracement before breaking this level. Between $18.6 and $21 would be my guess. If successful, a mid-term target of $40 would be possible.
Chart PatternsetcETCUSDTechnical IndicatorsTrend Analysis

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