Well I talked about how it felt like a pump and dump and sure enough STEEM has broken back below $0.13. The volume was monstrous as STEEM traded as high as $0.17 in the last 24 hour period.
STEEM is back below the 50 day moving average and an Inverted Hammer is forming here which is very Bearish.
The volume has dropped off and the MACD is trying to make a bullish cross but the RSI is bearish.
I put the odds at 60-40 that the next move will be lower.
