ARK/BTC is showing a clear double top reversal right now. notice the lower volume on the 2nd top. two target prices are labeled in the chart.
same thing happened with OmiseGo recently and this is how it played out, though there's no guarantee.
fundamentals of this coin are very promising, so it wouldn't be a bad idea to buy at one of these target prices.
pattern failed, had a nice breakout through the top resistance to make new ATH
@PaulSimmons, I think it's a combination of people FOMOing into it + people seeing it's doing well during a secondary bear market + the Chinese ruling coupled with the fundamentals of the coin being a decentralized exchange.