STEEM WEEKLY ISN'T SHOWING AN UPTREND

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This is a OHLC Weekly barchart from Bittrex for STEEM. Notice each high and each low is successively lower. STEEM has been trending down since the major market high on July 12, 2016. I could be wrong about the last week being a pivot point but I'm of the opinion that STEEM is still in the downtrend mode. You can find the definition of an uptrend here http://www.investopedia.com/terms/u/uptrend.asp
And to demonstrate an uptrend just look at the OHLC Weekly Barchart of STEEM May, June, July this year

However, there maybe a silver lining in the last barchart because, tentatively speaking, STEEM could be forming a bottom pattern. At this time it's hard to say. So for the time being just keep an eye on the market.
Safe trading.

STEEM WEEKLY ISN'T SHOWING AN UPTREND | Ecency