Crispr Therapeutics $CRSP has been bullish to start the year after breaking above a consolidation throughout 2017. The daily chart shows how price action was sideways and was even coiling before the bullish breakout. The breakout had volume and was very strong. At this point, I think CRSP will either settle into a higher range, or continue to rally in the months to come.\CRSP Daily Chart(click to enlarge)Monitoring the Pullback:- The daily chart shows the sharp bullish breakout stalling just under $45 per share.- I think the first area of support will be around 34-35. If the overall market is back on a bullish mood, and CRSP is still bullish, it might continue to rally from here.- Otherwise, if the general market continues to consolidate, price could fall back to 30. If CRSP is still bullish, it could pivot up from here as well.- Now, let's say price falls to 24-25 area. This was a previous resistance area, and might turn into support.- But if price rebounds from this area, we are likely going to see more range-bound price movement rather than if price rebounded from 30 or 34. - Also, there is a chance the RSI will dip below 30 if price falls to 24-25. But it might hold above 40 even if price retreats to 30. - If the RSI holds above 40, it would be a bullish continuation sign.