Altcoin of the Day: Cosmos buying opportunity at breakout-level $4.25

Cosmos (ATOM) is today the Altcoin of the Day. Cosmos, ecosystem of connected blockchains, is currently ranked 17th on Coinmarketcap and has a market cap of $748 million.

Crypto Trader Jan Robert Schutte motivates his choice for this coin: “At the current price of $4.11 I think Cosmos offers Buying Opportunity, however for to be more ‘safe’, it is advisable to wait for a break of the $4.25 resistance. With a target of $5.5 in the coming month, this implies an upside potential of +30%. Like always, it is advisable to put a stop-loss order, in this case below $3.40″.