KNCBTC - 85% profit target

Updated
I'm new to technical analysis and am putting this out there for critique, tips, and to see how accurate I am.

Could this be forming a Cup & Handle pattern? If so, the distance from the base of the cup to the top should be the target, which is about 85% (price target shown on chart).
Comment
Due to the crypto market tanking today, this is likely no longer valid.
Cup And Handle

Disclaimer