$HOT [1W] - Elliottwave analysis

Weekly:

Tip: in the tradingview chart you can press the play button, to see how price evolved after this analysis was made.

Targets (the higher the less likely)

• $0.05 at 1.272 logarithmic Fibonacci extension of the 3-4 countertrend wave;

• $0.10 at 1.618 log. Fib. extension of the 3-4 correction AND 2.618 of bear market;

• $0.225 at 2.00 log. Fib. extension of the 3-4 correction AND 3.00 of bear market;

• $0.75 at 2.618 log. Fib. extension of the 3-4 correction.