This is the kind of situations on which, as an amateur practitioner of the Technical Analysis, you want to reach in the follow-up of any of your favorite Crypto pairs, in this case STEEM/USD:
In the chart you can see two dashed lines which represents the upper and lower trendlines of STEEM in its correction.
"A trendline is a line drawn over pivot highs or under pivot lows to show the prevailing direction of price. Trendlines are a visual representation of support and resistance in any timeframe. Trendlines are used to show direction and speed of price, and also describe patterns during periods of price contraction."
As usual, those two lines give us good indications of a possible change of sentiment of the market, for instance, in the chart above STEEM is close to the 4-months Upper resistance line, in this case, if STEEM is able to break that line strongly we may definitely say that "sentiment" is changing from BEARISH to BULLISH.
By the contrary, if it rebounds we should wait to see what happen over the lower support.
Stay tuned, STEEM may bring some happiness to us in short!
Just Dream and Enjoy Cryptoland!
*This is just my personal point of view, please, do your own assessment and act consequently.