If you analyze the chart for Steem there are a lot of correlations between it's current pattern and a standard Head and Shoulders (Reversal).
The rough estimate for the reversal is about $0.25 cents so I am expecting one more sell-off for Steem before it consolidates.
Let me know in the comments if you think Steem will go that low, and if you think the chart for Steem fits a Head and Shoulders (Reversal).