Chiliz Price Analysis: CHZ Coin Gives Double Bottom Breakout Hinting A Bull Run To The $0.68 Mark.

Chiliz Community Speaks qw19q4

 
Will the CHZ coin price reach the $0.68 mark? The bullish breakout of the double bottom pattern in the weekly chart followed by the formation of the ascending triangle pattern in the 4-hour timeframe indicates growth in underlying bullish momentum. Moreover, the price increased by more than 75% in the past three weeks. 
 

The CHZ coin price gives a double bottom breakout in the weekly chart.
The price action makes an ascending triangle pattern in the 4-hour chart.
The intraday trading volume in the CHZ coin is $940 Million, indicating a 110% hike.

Source- CHZ/USD chart by Tradingview
 
The CHZ coin price increased more than 75% in the past three weeks resulting in the bullish engulfing candlesticks in the weekly chart. Furthermore, the price action gives a decisive breakout from the double bottom pattern with the neckline at the $0.42 mark. 
 
If the CHZ coin sustains above the $0.48 mark, we can observe a bull run to $0.65 in the next few weeks. Moreover, the token price is

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