Timeframe: 1H | Exchange: MEXC
Date: March 23, 2025
Hey traders! 👋
Spotted a possible Head and Shoulders pattern forming on ARCSOL/USDT. 👀
Left Shoulder: Around 0.0503
Head: Bottomed out at 0.0415
Right Shoulder: Currently forming near 0.0471
This pattern is typically a bearish reversal signal, especially after an uptrend — which we’ve seen over the past few days. If price breaks below the neckline (around the 0.047 region), we could see further downside. 📉
🧩 Supporting indicators:
Momentum indicators are cooling off
Stochastic RSI is showing potential for a downtrend continuation
Bearish divergence on oscillators
Volume declining on the right shoulder — a classic sign 👌
🚨 Key levels to watch:
Neckline support: ~0.047
Breakout target (if confirmed): ~0.038–0.040 zone
Invalidation: Break above 0.055 with strong volume
Not financial advice — just sharing what I see. Stay sharp and manage risk! 🛡️
What’s your take? Comment below! 💬
#ARCSOL #USDT #CryptoTrading #HeadAndShoulders #ChartAnalysis #TechnicalAnalysis #CryptoTA #TradingView
Date: March 23, 2025
Hey traders! 👋
Spotted a possible Head and Shoulders pattern forming on ARCSOL/USDT. 👀
Left Shoulder: Around 0.0503
Head: Bottomed out at 0.0415
Right Shoulder: Currently forming near 0.0471
This pattern is typically a bearish reversal signal, especially after an uptrend — which we’ve seen over the past few days. If price breaks below the neckline (around the 0.047 region), we could see further downside. 📉
🧩 Supporting indicators:
Momentum indicators are cooling off
Stochastic RSI is showing potential for a downtrend continuation
Bearish divergence on oscillators
Volume declining on the right shoulder — a classic sign 👌
🚨 Key levels to watch:
Neckline support: ~0.047
Breakout target (if confirmed): ~0.038–0.040 zone
Invalidation: Break above 0.055 with strong volume
Not financial advice — just sharing what I see. Stay sharp and manage risk! 🛡️
What’s your take? Comment below! 💬
#ARCSOL #USDT #CryptoTrading #HeadAndShoulders #ChartAnalysis #TechnicalAnalysis #CryptoTA #TradingView
Trade active
This has been updated with correct data here - 
Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.