We identified last week that $RDDT was in a clear ABC correction and the price has now dropped down to the 0.618 Fib and 200 Day MA just slightly below at $105 and has already bounced on this confluence level and jumped +30% since hitting our Wave C level.
We are seeing a lot of charts like this right now who are very close to their 0.618 Fib Wave C level.
If we can see $RDDT making a series of higher highs and higher lows next, because right now we only have 1 wave bounce, then I believe $RDDT can start moving back up to the top blue line again at $230.
Ian Watanabe
2025-03-18 05:20:58 +0000 UTC