Lower Highs (descending resistance trendline)

Higher Lows (ascending support trendline)

Price approaching the apex (convergence point) → indicating a major breakout is likely قريب

The previous trend was bearish, so statistically this pattern tends to act as a continuation pattern, but a bullish reversal remains possible if an upside breakout occurs.

Pattern Explanation: Symmetrical Triangle

This pattern reflects a price compression phase between buyers and sellers:

Volume typically decreases as price approaches the apex

A breakout will determine the next major direction

Targets are usually projected based on the height of the pattern

Bullish Scenario

If price successfully breaks above the resistance trendline, potential movement:

Break & close above the 1.36 – 1.50 zone

Upside targets:

1.50 (first resistance)

1.85 (major resistance / key level)

Additional confirmation:

Successful retest of the breakout zone

Increasing volume

️ This would indicate a trend reversal from bearish to bullish

Bearish Scenario

If price fails to break out and moves downward:

Breakdown below the support trendline

Loss of the 1.20 – 1.05 area

Downside targets:

1.05 (minor support)

0.84 (previous low / strong support)

️ This would confirm a bearish continuation trend

️ Key Levels to Watch

Resistance:

1.36

1.50

1.85

Support:

1.20

1.05

0.84

Conclusion

NEAR is currently at a critical phase. A breakout from the symmetrical triangle will determine the next major move.

Traders are advised to:

Wait for breakout confirmation

Avoid entering in the middle of the pattern (high noise zone)

Apply strict risk management

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