{"id":8830,"date":"2021-08-16T18:55:19","date_gmt":"2021-08-16T22:55:19","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=8830"},"modified":"2022-04-06T15:03:35","modified_gmt":"2022-04-06T19:03:35","slug":"4-leading-cryptos","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/4-leading-cryptos\/","title":{"rendered":"4 Leading Cryptos Setting Up for Potential Buy Entry Now"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/BTC081621.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/BTC081621.png\" alt=\"\" width=\"733\" height=\"446\" title=\"\"><\/a><\/figure><\/div>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">TABLE OF CONTENTS<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/morpheustrading.com\/blog\/4-leading-cryptos\/#Morpheus_Crypto_PRO_%E2%80%93_Profit_from_swing_trading_top_cryptocurrencies\" >Morpheus Crypto PRO &#8211; Profit from swing trading top cryptocurrencies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/morpheustrading.com\/blog\/4-leading-cryptos\/#Healthy_Bitcoin_and_Ethereum_Pullbacks_to_the_10-day_Moving_Averages\" >Healthy Bitcoin and Ethereum Pullbacks to the 10-day Moving Averages<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/morpheustrading.com\/blog\/4-leading-cryptos\/#4_Leading_Crypto_Altcoins_with_Top_Relative_Strength\" >4 Leading Crypto Altcoins with Top Relative Strength<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/morpheustrading.com\/blog\/4-leading-cryptos\/#Quant_QNT\" >Quant ($QNT)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/morpheustrading.com\/blog\/4-leading-cryptos\/#Solana_SOL\" >Solana ($SOL)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/morpheustrading.com\/blog\/4-leading-cryptos\/#Terra_LUNA\" >Terra ($LUNA)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/morpheustrading.com\/blog\/4-leading-cryptos\/#Cardano_ADA\" >Cardano ($ADA)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/morpheustrading.com\/blog\/4-leading-cryptos\/#Get_Started_Now_before_next_months_official_launch\" >Get Started Now (before next month&#8217;s official launch)<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Morpheus_Crypto_PRO_%E2%80%93_Profit_from_swing_trading_top_cryptocurrencies\"><\/span>Morpheus Crypto PRO &#8211; Profit from swing trading top cryptocurrencies<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u200bThis month, we soft launched the new&nbsp;<em>Morpheus Crypto PRO<\/em>&nbsp;service&#8211;a winning &#8220;all in one&#8221; package where we share our best cryptocurrency swing trade setups, along with a steady flow of fundamental crypto trading education in a professionally moderated chatroom.<\/p>\n\n\n\n<p>Along with exact entry and exit points in the <em>Morpheus Crypto Chatroom<\/em>, subscribers also receive a weekly report with timely, relevant crypto commentary and potential trade setups to buy.<\/p>\n\n\n\n<p>Check out the latest crypto report below and you&#8217;ll quickly see why NOW is the time to start learning how to trade the leading cryptocurrencies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Healthy_Bitcoin_and_Ethereum_Pullbacks_to_the_10-day_Moving_Averages\"><\/span>Healthy Bitcoin and Ethereum Pullbacks to the 10-day Moving Averages<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In last week&#8217;s report, we showed why the Bitcoin breakout above key resistance at the 42,000 area would lead to a significant change of overall market sentiment.<\/p>\n\n\n\n<p>When the crypto markets were in &#8220;correction mode&#8221; from April through July, traders were aggressively selling into the strength of every bounce in the market.<\/p>\n\n\n\n<p>But with the bulls back in control, traders have switched to buying the pullbacks to near-term support levels.<\/p>\n\n\n\n<p>In the August 9 issue of <em>Morpheus Crypto Report<\/em>, we wrote,<\/p>\n\n\n\n<p><em>&#8220;Given the bullish price action in Bitcoin and Ethereum, pullbacks to short-term support levels such as the 10 and 20-day moving averages may now provide ideal buy entry points for swing trades.&#8221;<\/em><\/p>\n\n\n\n<p>As anticipated, both $BTC and $ETH neatly retraced down to their 10-day moving averages,  creating low-risk pullback buying opportunities.<\/p>\n\n\n\n<p>On August 13, we alerted members of <em>Morpheus Crypto Chat<\/em> that both Bitcoin and Ethereum were pulling back to support of their 10-day moving averages.<\/p>\n\n\n\n<p>Several hours later, $BTC and $ETH rallied sharply after successfully testing that important technical indicator of short-term trend and momentum:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/BTC081621.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/BTC081621.png\" alt=\"\" width=\"733\" height=\"446\" title=\"\"><\/a><figcaption><em>Press to view full-sized image<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/ETH081621.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/ETH081621.png\" alt=\"\" width=\"733\" height=\"446\" title=\"\"><\/a><figcaption><em>Press to view full-sized image<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p>Leading altcoins continued showing relative strength, enabling us to score solid gains from several swing trades last week.<\/p>\n\n\n\n<p>After a substantial market correction, new leadership typically emerges in the altcoin market.<\/p>\n\n\n\n<p>While some of the same altcoins of the previous bull market may again rise to the top, new market cycles are often fueled by a different mix of leading crypto assets.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_Leading_Crypto_Altcoins_with_Top_Relative_Strength\"><\/span>4 Leading Crypto Altcoins with Top Relative Strength<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>As technical traders, we use relative strength to scan for altcoins that are poised for breakouts out to new all-time highs&#8211;even while Bitcoin and Ethereum are still well below their respective highs.<\/p>\n\n\n\n<p>The first altcoins to explode to fresh all-time highs while the overall market is still recovering frequently become the new leading cryptos in the next bull market.<\/p>\n\n\n\n<p>As such, we have been tirelessly scanning for the strongest crypto altcoins that have already rallied all the way back to (or near) their previous all-time highs.<\/p>\n\n\n\n<p>Below are a few annotated charts of altcoins currently leading the market:<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Quant_QNT\"><\/span>Quant ($QNT)<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\">Top leadership and massive relative strength<\/h5>\n\n\n\n<p>Showing early and massive relative strength, Quant ($QNT) was one of the only cryptocurrencies that rallied to a new high while Bitcoin had only started bouncing off its low three weeks ago.<\/p>\n\n\n\n<p>Since then, $QNT has been consolidating in a tight, sideways range on lighter volume. <\/p>\n\n\n\n<p>With the 10 and 20-day moving averages now converging to provide support, be on the lookout for a potential move in $QNT soon;and may soon:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/QNT081621.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/QNT081621.png\" alt=\"\" width=\"759\" height=\"348\" title=\"\"><\/a><figcaption><em>Press to view full-sized image<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Solana_SOL\"><\/span>Solana ($SOL)<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\">Breaking out to a new all-time high<\/h5>\n\n\n\n<p>Solana ($SOL) blasted through resistance to a new all-time high today, while Bitcoin is still nearly 30% off its high:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/SOL081621.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/SOL081621.png\" alt=\"\" width=\"733\" height=\"446\" title=\"\"><\/a><figcaption><em>Press to view full-sized image<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Terra_LUNA\"><\/span>Terra ($LUNA)<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\">Potential breakout to a fresh all-time high<\/h5>\n\n\n\n<p>Like $SOL, Terra ($LUNA) has been showing impressive relative strength and is now testing resistance of its all-time high:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/LUNA081621.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/LUNA081621.png\" alt=\"\" width=\"733\" height=\"446\" title=\"\"><\/a><figcaption><em>Press to view full-sized image<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Cardano_ADA\"><\/span>Cardano ($ADA)<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\">Breakout to a new all-time high<\/h5>\n\n\n\n<p>Cardano ($ADA), currently the fourth largest cryptocurrency by market cap, blasted higher last week and is now within striking distance of new highs.<\/p>\n\n\n\n<p>We also scored a <strong>total gain of more than 40% with two separate swing trades<\/strong> in the Model Crypto Portfolio (included with <em>Morpheus Crypto PRO<\/em> service).<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/ADA081621.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/ADA081621.png\" alt=\"\" width=\"733\" height=\"446\" title=\"\"><\/a><figcaption><em>Press to view full-sized image<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p>The recent rallies in leading altcoins have been impressive, but <em>please<\/em> <em>don&#8217;t chase<\/em> big moves due to fear of missing out (FOMO).<\/p>\n\n\n\n<p>Instead, be patient and <strong>start building your relative strength watchlist of emerging altcoin leadership. <\/strong><\/p>\n\n\n\n<p>Then, look for valid pullbacks or consolidation patterns that provide you with a positive risk\/reward ratio for potential buy entry.<\/p>\n\n\n\n<p>We will alert subscribers of our exact entry and stop prices if these (or any other cryptos) provide us with an ideal buy entry point.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Get_Started_Now_before_next_months_official_launch\"><\/span>Get Started Now (before next month&#8217;s official launch)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>If you would like to try the <em>Morpheus Crypto PRO<\/em> service FREE until September 1, 2021, please send a quick request to <a href=\"mailto:editors@morpheustrading.com\" target=\"_blank\" rel=\"noreferrer noopener\">editors@morpheustrading.com<\/a>.<\/p>\n\n\n\n<p>This new service was previously limited to existing <em><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Wagner Daily<\/a><\/em> and <em><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts#Wagner-Daily-PRO\" target=\"_blank\" rel=\"noreferrer noopener\">Wagner Daily PRO<\/a><\/em>.<em> <\/em>subscribers.<\/p>\n\n\n\n<p><strong>Special Announcement:<\/strong> <\/p>\n\n\n\n<p>New openings now available for investment into the MAST fund, our fully managed crypto fund.<\/p>\n\n\n\n<p>Get a jump start on diversifying your investment portfolio with crypto.<\/p>\n\n\n\n<p>Send an email directly to <a href=\"mailto:editors@morpheustrading.com\" target=\"_blank\" rel=\"noreferrer noopener\">editors@morpheustrading.com<\/a> for more details.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Be sure to <a href=\"https:\/\/twitter.com\/mtg_crypto\" target=\"_blank\" rel=\"noreferrer noopener\">follow us on Twitter<\/a> for daily crypto trade ideas, commentary, and more.<\/h5>\n\n\n\n<p>Yours in success,<\/p>\n\n\n\n<p>Deron Wagner, PhD (h.c.)<\/p>\n\n\n\n<p>Founder @ Morpheus Trading Group<\/p>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Morpheus Crypto PRO &#8211; Profit from swing trading top cryptocurrencies \u200bThis month, we soft launched the new&nbsp;Morpheus Crypto PRO&nbsp;service&#8211;a winning &#8220;all in one&#8221; package where we share our best cryptocurrency swing trade setups, along with a steady flow of fundamental crypto trading education in a professionally moderated chatroom. Along with exact entry and exit points [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[772],"tags":[],"class_list":["post-8830","post","type-post","status-publish","format-standard","hentry","category-crypto-trading-strategy"],"_links":{"self":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/8830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/comments?post=8830"}],"version-history":[{"count":16,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/8830\/revisions"}],"predecessor-version":[{"id":9306,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/8830\/revisions\/9306"}],"wp:attachment":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media?parent=8830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=8830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=8830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}