Chart of LottVis

LottVis has quite a interesting chart which i hardly see before. Distribution is spotted very early at around the end of May. This is when prices start to trend sideways, yet the Accumulation/Dist start to trend downwards with quite a steep slope. When prices made new highs in June, MACD which measures the momentum of prices failed to make a new high. So the warning signs actually appeared quite early before the price start to spiral downwards. Now the price seems to be supported on a previous support which was made in May at around $0.44. If the price fails to hold, the next support is likely to be at the Fibbonacci retracement of 50% which is at around $0.40. If this fails too, the next likely support is at the $0.33 due to 3 factors.

1. 200d MA
2. Upside gap made in made in early April
3. Fibbonacci retracement of 61.8%