Here is the weekly chart of steem since the inception.
The last few months have printed all red heikin ashi bars that illustrate the downtrend.
It is right at the .72 support level and stochastics are embedded to the downside.
All bearish
The daily chart does not look any better as you can clearly see the downtrend and consolidation.
Keep an eye on the .72 level support. Will it hold???
A daily line chart of Steem in blue and SBD in Orange
A daily line chart of BTC in red and Steem in blue. Not too much correlation over the last few months.
Google trends for the search for Steemit. It's down just like the price..........
Keep an eye on BTC as that is the crypto that really influences the entire market. No one really knows when the consolidation period will end or if the bear market will continue...................???