Potential Head and Shoulders Pattern on ARCSOL/USDT

23 Mar

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

23 Mar

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This has been updated with correct data here -

24 Mar

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