STEEM may see some more downside unfortunately

After the breakdown to the measured targets perfectly, STEEM looks like it wants no part of being bullish:

As shown above, STEEM hit both targets against BTC and USD extremely accurate. Symmetrical triangle on the USD pair and the descending triangle against BTC. Great for a small entry stab, but we do have a few problems. Firstly, as I've always said, volume needs to confirm we hit the temporary bottom which we don't see. Looks like theres still no demand. I thought after that huge spike down to .63 cents we'd start moving up back towards a few areas of resistance ahead, but no. We cant even break the 20 MA (yellow trend line). Were using that as resistance which is no bueno. Very bearish.

The BTC pairing looks just as bad too. Not even touching the 20 MA yet, and the MA's are starting to fan out downwards. Couldn't even make a strong enough rally attempt to touch the long term trend line (blue dotted line). Meh. Right now all we see as support is the top of the descending bearish channel on no buy volume. That probably won't hold if you ask me.

I think we've got more downside to come. My guess is that we come back in the descending channel and chill in there until we start seeing some buyers. Right now we don't have it. Price will probably fall. Sorry Steemians, but cant ignore the charts :(

Hope this helps!
Good luck!