There are no strong signs of a reversal. There is some divergence on the RSI however it is very weak. The RSI has been in the under 30 range. An above 50 range would signal some strength.
The new feature pay me 100% in steem power has shown zero impact in the price chart.
If you want to know why people are cashing out now, just have a look, there is no reason to think that in the short to mid term this will continue down.
This has nothing - zero - to do with any opinon of the site or how it is run, this is just TA , looking at price structure.
Right now there is no recovery of the price in sight.
steem = fail
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