{"id":12290,"date":"2022-04-18T12:54:00","date_gmt":"2022-04-18T16:54:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=12290"},"modified":"2022-04-27T01:32:24","modified_gmt":"2022-04-27T05:32:24","slug":"crypto-signals-04-18-22","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/crypto-signals-04-18-22\/","title":{"rendered":"Morpheus Crypto Report &#8211; $GMT Crypto Swing Trade Breakout to Big Gains!"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/GMT040822-719x437.png\"><img loading=\"lazy\" decoding=\"async\" width=\"719\" height=\"437\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/GMT040822-719x437.png\" alt=\"\" class=\"wp-image-12024\" title=\"\" srcset=\"https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/GMT040822-719x437.png 719w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/GMT040822-110x67.png 110w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/GMT040822-768x467.png 768w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/GMT040822-1536x934.png 1536w\" sizes=\"auto, (max-width: 719px) 100vw, 719px\" \/><\/a><figcaption><em>Press chart to view full-sized image<\/em><\/figcaption><\/figure>\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-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/morpheustrading.com\/blog\/crypto-signals-04-18-22\/#Morpheus_Crypto_Report_%E2%80%93_April_18_2022\" >Morpheus Crypto Report &#8211; April 18, 2022<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/morpheustrading.com\/blog\/crypto-signals-04-18-22\/#Crypto_Portfolio\" >Crypto Portfolio<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/morpheustrading.com\/blog\/crypto-signals-04-18-22\/#tracks_and_updates_all_crypto_signals_sent_to_members\" >(tracks and updates all crypto signals sent to members)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/morpheustrading.com\/blog\/crypto-signals-04-18-22\/#Bullish_Bitcoin_reversal_at_key_support_level\" >Bullish Bitcoin reversal at key support level<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/morpheustrading.com\/blog\/crypto-signals-04-18-22\/#Morpheus_Crypto_Portfolio_gains_after_a_volatile_week\" >Morpheus Crypto Portfolio gains after a volatile week<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/morpheustrading.com\/blog\/crypto-signals-04-18-22\/#STEPN_GMT\" >STEPN ($GMT)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/morpheustrading.com\/blog\/crypto-signals-04-18-22\/#Origin_Protocol_OGN\" >Origin Protocol ($OGN)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/morpheustrading.com\/blog\/crypto-signals-04-18-22\/#THORChain_RUNE\" >THORChain ($RUNE)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/morpheustrading.com\/blog\/crypto-signals-04-18-22\/#Power_of_the_Morpheus_relative_strength_system\" >Power of the Morpheus relative strength system<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/morpheustrading.com\/blog\/crypto-signals-04-18-22\/#Morpheus_Crypto_Watchlist_Hot_crypto_swing_trade_setups_on_our_radar\" >Morpheus Crypto Watchlist: Hot crypto swing trade setups on our radar<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/morpheustrading.com\/blog\/crypto-signals-04-18-22\/#Kyber_Network_Crystal_KNC\" >Kyber Network Crystal ($KNC)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/morpheustrading.com\/blog\/crypto-signals-04-18-22\/#Frax_Share_FXS\" >Frax Share ($FXS)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/morpheustrading.com\/blog\/crypto-signals-04-18-22\/#Metal_MTL\" >Metal ($MTL)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/morpheustrading.com\/blog\/crypto-signals-04-18-22\/#Zilliqa_ZIL\" >Zilliqa ($ZIL)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/morpheustrading.com\/blog\/crypto-signals-04-18-22\/#Near_Protocol_NEAR\" >Near Protocol ($NEAR)<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Morpheus_Crypto_Report_%E2%80%93_April_18_2022\"><\/span>Morpheus Crypto Report &#8211; April 18, 2022<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Below is the full, archived version of <em><a href=\"https:\/\/morpheustrading.com\/services\/crypto-picks\" target=\"_blank\" rel=\"noreferrer noopener\">Morpheus Crypto Report<\/a><\/em> that was sent to subscribers on April 18, 2022.<\/p>\n\n\n\n<p>If you enjoy what you see, please <strong><a href=\"https:\/\/morpheustrading.com\/services\/crypto-picks\" target=\"_blank\" rel=\"noreferrer noopener\">join us<\/a><\/strong> as a Morpheus member to receive real-time access to your live crypto trader room, crypto trading analysis, crypto signals, and crypto portfolio. <\/p>\n\n\n\n<p>Please drop us any questions or comments at the bottom of the post&#8211;<em>we&#8217;d love to hear from you!<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"crypto-portfolio\"><span class=\"ez-toc-section\" id=\"Crypto_Portfolio\"><\/span>Crypto Portfolio<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"watchlist-closed-positions-open-positions\"><span class=\"ez-toc-section\" id=\"tracks_and_updates_all_crypto_signals_sent_to_members\"><\/span>(tracks and updates all crypto signals sent to members)<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/portfolio-04-15-22-1-719x265.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"719\" height=\"265\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/portfolio-04-15-22-1-719x265.png\" alt=\"\" class=\"wp-image-12186\" title=\"\" srcset=\"https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/portfolio-04-15-22-1-719x265.png 719w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/portfolio-04-15-22-1-110x41.png 110w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/portfolio-04-15-22-1-768x283.png 768w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/portfolio-04-15-22-1-1536x566.png 1536w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/portfolio-04-15-22-1-2048x755.png 2048w\" sizes=\"auto, (max-width: 719px) 100vw, 719px\" \/><\/a><figcaption><em>Press image to view full-size<\/em><\/figcaption><\/figure>\n\n\n\n<p id=\"model-portfolio-notes\"><strong>New crypto signals sent to members since the previous week are in yellow above.<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"bitcoin-breaks-below-50-day-ma-shifting-back-to-short-term-sell-signal\"><span class=\"ez-toc-section\" id=\"Bullish_Bitcoin_reversal_at_key_support_level\"><\/span>Bullish Bitcoin reversal at key support level<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In the <a href=\"https:\/\/new.morpheustrading.com\/blog\/crypto-signals-04-11-22\" target=\"_blank\" rel=\"noreferrer noopener\">April 11 issue<\/a> of <em><a href=\"https:\/\/https\/\/morpheustrading.com\/services\/crypto-picks\" target=\"_blank\" rel=\"noreferrer noopener\">Morpheus Crypto Report<\/a><\/em>, we said to keep an eye on Bitcoin ($BTC) as it tested the 50-day moving average.<\/p>\n\n\n\n<p>Later that day, $BTC confirmed the breakdown below the 50-day MA with a move down to 39,200 before finding short-term support.<\/p>\n\n\n\n<p>After a small bounce and several days of tight price consolidation, $BTC undercut support of its April 11 swing low, falling to a low of 38,500 (on April 18).<\/p>\n\n\n\n<p>However, buyers quickly stepped in and volume started surging, powering $BTC back above the key psychological support level of 40,000 once again.<\/p>\n\n\n\n<p>This price action created an <strong>important bullish reversal pattern on the daily chart<\/strong> <strong>of $BTC.<\/strong><\/p>\n\n\n\n<p>When an uptrending crypto has a multi-week pullback and then forms a bullish reversal bar, it often marks a significant low of the pullback.<\/p>\n\n\n\n<p>In this case, the bullish reversal bar also coincided with an undercut of the uptrend line off the January 2022 low.<\/p>\n\n\n\n<p>The daily chart of $BTC below shows the undercut and bullish reversal at key support:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/BTC-reversal-719x586.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"719\" height=\"586\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/BTC-reversal-719x586.png\" alt=\"$BTC reversal pattern\" class=\"wp-image-12162\" title=\"\" srcset=\"https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/BTC-reversal-719x586.png 719w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/BTC-reversal-110x90.png 110w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/BTC-reversal-768x626.png 768w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/BTC-reversal-1536x1251.png 1536w\" sizes=\"auto, (max-width: 719px) 100vw, 719px\" \/><\/a><figcaption><em>Press chart to view full-size<\/em><\/figcaption><\/figure>\n\n\n\n<p>Per our April 18 trade alert, we bought $BTC in the portfolio at 40,280 due to the bullish reversal on higher volume.<\/p>\n\n\n\n<p>Our stop is neatly placed just below the low of that reversal bar, as we would not want to see the price violate that level now.<\/p>\n\n\n\n<p>Overall, we like the positive risk-reward ratio for this crypto swing trade into the King of Crypto!<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Morpheus_Crypto_Portfolio_gains_after_a_volatile_week\"><\/span>Morpheus Crypto Portfolio gains after a volatile week<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The sharp sell-off followed by the bullish reversal led to a bit of volatility in the portfolio&#8211;but <em>ultimately led to a positive outcome.<\/em><\/p>\n\n\n\n<p>The overnight weakness before the bullish reversal caused a few positions to hit their stops-but that&#8217;s okay! That&#8217;s what they are there for!<\/p>\n\n\n\n<p><em>Protective stops keep you out of serious trouble<\/em> in case the market does<em> NOT<\/em> reverse after breaking down below a key support level.<\/p>\n\n\n\n<p>On the same day, $GMT and $OGN both showed <em>excellent<\/em> relative strength by zooming to<em> new swing highs<strong> <\/strong><\/em>while $BTC was still near its low.<\/p>\n\n\n\n<p><strong>$GMT and $OGN are currently showing gains of +39% and +22% respectively <\/strong>since the buy alerts were sent&#8211;<em>on April 16 for $GMT and only April 17 for $OGN.<\/em><\/p>\n\n\n\n<p>Let&#8217;s take a look at the $GMT and $OGN setups that led to our buy entries:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"STEPN_GMT\"><\/span>STEPN ($GMT)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>We initially alerted you to <a rel=\"noreferrer noopener\" href=\"https:\/\/coinmarketcap.com\/currencies\/green-metaverse-token\/\" data-type=\"URL\" data-id=\"https:\/\/coinmarketcap.com\/currencies\/green-metaverse-token\/\" target=\"_blank\">$GMT<\/a> in last week&#8217;s report, where we showed you the following chart that was on the watchlist for potential breakout entry:<\/p>\n\n\n\n<p>Initial breakout setup as it appeared in your April 11 report:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/GMT040822-719x437.png\"><img loading=\"lazy\" decoding=\"async\" width=\"719\" height=\"437\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/GMT040822-719x437.png\" alt=\"\" class=\"wp-image-12024\" title=\"\" srcset=\"https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/GMT040822-719x437.png 719w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/GMT040822-110x67.png 110w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/GMT040822-768x467.png 768w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/GMT040822-1536x934.png 1536w\" sizes=\"auto, (max-width: 719px) 100vw, 719px\" \/><\/a><figcaption><em>Press chart to view full-sized image<\/em><\/figcaption><\/figure>\n\n\n\n<p>Fast forwarding to the present chart of $GMT below, note the &#8220;textbook breakout&#8221; from a consolidation pattern:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/GMT-breakout-719x588.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"719\" height=\"588\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/GMT-breakout-719x588.png\" alt=\"$GMT breakout\" class=\"wp-image-12166\" title=\"\" srcset=\"https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/GMT-breakout-719x588.png 719w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/GMT-breakout-110x90.png 110w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/GMT-breakout-768x629.png 768w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/GMT-breakout-1536x1257.png 1536w\" sizes=\"auto, (max-width: 719px) 100vw, 719px\" \/><\/a><figcaption><em>Press chart to view full-sized image<\/em><\/figcaption><\/figure>\n\n\n\n<p>We will trail a stop higher and\/or sell partial position size into strength as $GMT breaks out to new highs.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Origin_Protocol_OGN\"><\/span>Origin Protocol ($OGN)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>$OGN is currently showing a quick gain of +21% since our portfolio buy entry only yesterday (April 17).<\/p>\n\n\n\n<p>The daily chart below shows the setup that led to our buy signal:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/OGN-breakout-719x585.png target=\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"719\" height=\"585\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/OGN-breakout-719x585.png\" alt=\"$OGN breakout\" class=\"wp-image-12168\" title=\"\" srcset=\"https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/OGN-breakout-719x585.png 719w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/OGN-breakout-110x89.png 110w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/OGN-breakout-768x624.png 768w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/OGN-breakout-1536x1249.png 1536w\" sizes=\"auto, (max-width: 719px) 100vw, 719px\" \/><\/a><figcaption><em>Press chart to view full-sized image<\/em><\/figcaption><\/figure>\n\n\n\n<p>Our initial target price for $OGN is a re-test of the March 20 high (0.85), which would result in a rather sizable gain of +55%.<\/p>\n\n\n\n<p>However, as with $GMT, we will also secure current gains by trailing a protective stop higher as the price action allows.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"THORChain_RUNE\"><\/span>THORChain ($RUNE)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>With a whopping gain of more than +300% last month, $RUNE was one of the top relative strength cryptos in March 2022.<\/p>\n\n\n\n<p>Rather than chasing the price higher, we have been patiently waiting for a substantial pullback that would provide us with a low-risk buy entry in $RUNE.<\/p>\n\n\n\n<p>After retracing lower over the past several weeks, $RUNE provided us with that ideal entry point on April 18:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/RUNE-reversal-719x585.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"719\" height=\"585\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/RUNE-reversal-719x585.png\" alt=\"$RUNE reversal\" class=\"wp-image-12170\" title=\"\" srcset=\"https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/RUNE-reversal-719x585.png 719w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/RUNE-reversal-110x89.png 110w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/RUNE-reversal-768x625.png 768w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/RUNE-reversal-1536x1250.png 1536w\" sizes=\"auto, (max-width: 719px) 100vw, 719px\" \/><\/a><figcaption><em>Press chart to view full-sized image<\/em><\/figcaption><\/figure>\n\n\n\n<p>Notice that $RUNE undercut its 50-day moving average <em>for just one day<\/em> before reversing to close back above it.<\/p>\n\n\n\n<p><strong>This type of &#8220;undercut&#8221; followed by a swift bullish reversal is a reliable buy signal <\/strong>when it occurs at closely-watched support levels such as a 50-day MA.<\/p>\n\n\n\n<p>Volume also picked up on the move back above the 10 and 50-day MAs, confirming the bullish reversal price action.<\/p>\n\n\n\n<p>As with $BTC, our stop is neatly placed just below the low of the reversal bar (plus some wiggle room).<\/p>\n\n\n\n<p>$RUNE is currently showing a <strong>gain of +9%<\/strong> since the April 18 buy entry in <a href=\"https:\/\/morpheustrading.com\/services\/crypto-picks\" target=\"_blank\" rel=\"noreferrer noopener\">Morpheus Crypto<\/a> Portfolio.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Power_of_the_Morpheus_relative_strength_system\"><\/span>Power of the Morpheus relative strength system<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>As mentioned earlier, both $GMT and $OGN ripped higher while $BTC was near its lows.<\/p>\n\n\n\n<p>This was simply a continuation of the relative strength that both altcoins were already showing on their daily charts.<\/p>\n\n\n\n<p><strong>When a crypto is so strong that it holds up even while $BTC\/$ETH are selling off, it is typically the first to explode higher when the broad market eventually bounces.<\/strong><\/p>\n\n\n\n<p><strong><em>That&#8217;s what we constantly scan for with the Morpheus relative strength trading strategy: The best bullish altcoin charts with top relative strength to Bitcoin ($BTC) and Ethereum ($ETH).<\/em><\/strong><\/p>\n\n\n\n<p>Then, we patiently wait for low-risk entry points through either buying pullbacks or breakouts.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Morpheus_Crypto_Watchlist_Hot_crypto_swing_trade_setups_on_our_radar\"><\/span>Morpheus Crypto Watchlist: Hot crypto swing trade setups on our radar<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Recent leadership and big gains in $GMT and $OGN are positive initial signs for the altcoin market.<\/p>\n\n\n\n<p>Now, we are monitoring for additional new leadership to start appearing&#8211;<strong><em>which may not be the same leaders of past altcoin rallies.<\/em><\/strong><\/p>\n\n\n\n<p>Below are annotated charts of a few setups we are stalking for potential buy entry in the <a href=\"https:\/\/morpheustrading.com\/services\/crypto-picks\" target=\"_blank\" rel=\"noreferrer noopener\">crypto swing trading<\/a> portfolio.<\/p>\n\n\n\n<p>As usual, we will send a trade alert with details if\/when any of these trades trigger our buy signal:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Kyber_Network_Crystal_KNC\"><\/span>Kyber Network Crystal ($KNC)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/KNC-pullback-719x585.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"719\" height=\"585\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/KNC-pullback-719x585.png\" alt=\"\" class=\"wp-image-12172\" title=\"\" srcset=\"https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/KNC-pullback-719x585.png 719w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/KNC-pullback-110x90.png 110w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/KNC-pullback-768x625.png 768w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/KNC-pullback-1536x1250.png 1536w\" sizes=\"auto, (max-width: 719px) 100vw, 719px\" \/><\/a><figcaption><em>Press chart to view full-sized image<\/em><\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frax_Share_FXS\"><\/span>Frax Share ($FXS)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/FXS-breakout-719x587.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"719\" height=\"587\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/FXS-breakout-719x587.png\" alt=\"\" class=\"wp-image-12174\" title=\"\" srcset=\"https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/FXS-breakout-719x587.png 719w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/FXS-breakout-110x90.png 110w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/FXS-breakout-768x627.png 768w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/FXS-breakout-1536x1253.png 1536w\" sizes=\"auto, (max-width: 719px) 100vw, 719px\" \/><\/a><figcaption><em>Press chart to view full-sized image<\/em><\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Metal_MTL\"><\/span>Metal ($MTL)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/MTL-pullback-719x589.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"719\" height=\"589\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/MTL-pullback-719x589.png\" alt=\"\" class=\"wp-image-12176\" title=\"\" srcset=\"https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/MTL-pullback-719x589.png 719w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/MTL-pullback-110x90.png 110w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/MTL-pullback-768x629.png 768w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/MTL-pullback-1536x1257.png 1536w\" sizes=\"auto, (max-width: 719px) 100vw, 719px\" \/><\/a><figcaption><em>Press chart to view full-sized image<\/em><\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Zilliqa_ZIL\"><\/span>Zilliqa ($ZIL)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/ZIL-pullback-719x590.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"719\" height=\"590\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/ZIL-pullback-719x590.png\" alt=\"\" class=\"wp-image-12178\" title=\"\" srcset=\"https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/ZIL-pullback-719x590.png 719w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/ZIL-pullback-110x90.png 110w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/ZIL-pullback-768x630.png 768w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/ZIL-pullback-1536x1260.png 1536w\" sizes=\"auto, (max-width: 719px) 100vw, 719px\" \/><\/a><figcaption><em>Press chart to view full-sized image<\/em><\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Near_Protocol_NEAR\"><\/span>Near Protocol ($NEAR)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/NEAR-breakout-719x587.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"719\" height=\"587\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/NEAR-breakout-719x587.png\" alt=\"\" class=\"wp-image-12180\" title=\"\" srcset=\"https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/NEAR-breakout-719x587.png 719w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/NEAR-breakout-110x90.png 110w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/NEAR-breakout-768x627.png 768w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/NEAR-breakout-1536x1255.png 1536w\" sizes=\"auto, (max-width: 719px) 100vw, 719px\" \/><\/a><figcaption><em>Press chart to view full-sized image<\/em><\/figcaption><\/figure>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/crypto-picks\" target=\"_blank\" rel=\"noreferrer noopener\">SIGN UP NOW<\/a><\/strong> to start receiving your winning Morpheus crypto trade signals, including a crypto portfolio<\/em> <em>you can easily follow.<strong> <a href=\"https:\/\/morpheustrading.com\/services\/crypto-picks\" target=\"_blank\" rel=\"noreferrer noopener\">Morpheus Crypto PRO<\/a><\/strong> includes <strong>live crypto trader room<\/strong> for daily, real-time trade ideas and powerful crypto trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p><!-- wp:paragraph --><\/p>\n<p>When a crypto is so strong that it holds up even while $BTC\/$ETH are selling off, it is typically the first to explode higher when the broad market eventually bounces.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>That&#8217;s what we constantly scan for with the Morpheus relative strength trading strategy: The best bullish altcoin charts with top relative strength to Bitcoin ($BTC) and Ethereum ($ETH).<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n","protected":false},"author":1,"featured_media":12166,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[780],"tags":[],"class_list":["post-12290","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-swing-trading"],"_links":{"self":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/12290","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=12290"}],"version-history":[{"count":2,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/12290\/revisions"}],"predecessor-version":[{"id":12304,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/12290\/revisions\/12304"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media\/12166"}],"wp:attachment":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media?parent=12290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=12290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=12290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}