Thanks a lot for this analysis. It's a shame that Steem couldn't get any traction after leaping up several days ago, but that's how it goes :) A shame, because otherwise the chart looks like a decent double-bottom.
I wonder if it'll stop declining now that Monero's rocket ride seems to be over. If its ride to ~$5 proved to be yet another pump, the folks throwing their Bitcoins Monero's way might choose to have a look at Steem. If they have any Bitcoins left ;)