An answer could be tunnel.
No. of letters in the words forms the sequence ;
7,6,5,6,7.and the next word should have 8 letters not 6 as in tunnel.
I am saying COULD be.!!
The letters are the first letters of the signs of the zodiac starting with Aries - except 'U' is shown instead of 'V - Virgo' and a 'stray T' has been inserted before 'C A P'.
On the other hand this could be something completely different!!