So NXT got pumped a lot because of the IGNIS airdrop which will occur on the 28th of this month. I'm expecting people to sell the news and get out on the 27th and others will sell out once they get the free IGNIS coin, causing the price to drop to support levels. The coin might get over sold, hence dropping to lower support levels than I indicated in the graph.
This isn't a buy or a sell signal. This is a caution just so you aware of the situation.
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Drop in process just as expected.
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free fall 12/26/2017
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A smart thing to do would be buying NXT right before the snapshot for 10 mins then selling right away this way you get accredited for the free IGNIS without losing much ;) Expecting a small pullback then target indicated will be reached.
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correction to the post, the airdrop will occur the 28th not the 27th.