XLM, TRX and ADA are bouncing, but is the carnage over?

This cryptocurrency went from trading at a high of $0.083 on Nov. 12 to a low of $0.053 today.

The long lower shadow represents the sell-off seen during the period of the candle.

As the day is closing, the demand for XLM is increasing, which is pushing the price back up.

A close below the recent low of $0.053 could be considered as a confirmation that this crypto is aiming for lower lows.

Since Nov. 13, this crypto also plummeted 35 percent from a high of $0.020 to a low of $0.013.

This is considered a bearish formation that is likely to push the price of TRON into lower lows.

As a matter of fact, a bullish hidden divergence between the relative strength index and the price of TRX is developing on its 1-day chart.

Thus, a RSI making a series of lower lows while prices are making higher lows is indicative of an improving trend.

Since the high of Nov. 17, when ADA was peaking at $0.046, it plunged over 26 percent to a low of $0.034.

It is worth mentioning that TRX is forming a bearish engulfing candle on its monthly chart that anticipates lower lows.