If blockchain investment is back (per President Xi), then altcoins can start new uptrends.
One beat up coin is Ravencoin (RVN). RVNBTC is holding on a big Fib speed resistance line near 300. For us, upside potential is a move to the previous 4th wave at 900. That is a potential 3X return.
Bottom Line: If blockchain is back, and the tokenization of everything happens, and there's nothing hidden wrong with Ravencoin, we see RVNBTC as a good risk-reward long.
DISCLOSURE: Token Metrics is a regular publication of information, analysis and commentary and does not provide individually tailored investment advice. The Token Metrics team has invested and advised in many blockchain companies. A complete list of the team disclosures, advisory roles and current holdings can be viewed here: https://blog.tokenmetrics.com/disclosures/.