ETH break above $160 can be completion of a cup&handle to $240.

Updated
Eth looks to have formed a cup and handle at $160. A break above could signal a move to 240. But after last weeks dump a move down is equally as likely. Currently i am long and watching price action around $150 hold my long or close and short. With the black line i have also outlined a bearish scenario which can take us back to $80 as double top has formed.
Note
Looking to buy more around 160 again
Note
I settled for $200
Beyond Technical AnalysisCryptocurrencyEthereum (Cryptocurrency)Trend Analysis

Disclaimer