NXT - Caution!! will drop a lot soon

Updated
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.
Trade active
Note
Drop in process just as expected.
Note
free fall 12/26/2017
Note
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.
Note
correction to the post, the airdrop will occur the 28th not the 27th.
Note
Everything is going according to plan.
Note
Next drop is going to be in the area marked.
Trade closed: target reached
lol... just as expected.
target is reached.
Note
IGNIS is now on bittrex!! you can trade it
Beyond Technical AnalysiscautionTrend Analysis

Also on:

Disclaimer