Steem broke bearish out of it's channel. It will come back to the drawn trendline you should buy here!! because steem is forming a triangle and when it breaks out of the triangle it will be a very bullish breakout.
Ride the waves to the moon with me! Happy trading!
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After receiving a request to update my idea: here it is!! Steem is still retracing from reaching it's ATH and Steem almost retraced back to the 0,786 fib level. Because BTC will be downtrending the coming days , I think steem will keep downtrending to -> the 0,786 wich is around the trendline. This is an excellent time to start laddering in to Steem because the risk/reward ratio is great!