Crispr Therapeutics $CRSP is likely back on its bearish correction mode after a month-long recovery from late December to late January. CRSP Daily Chart(click to enlarge)Bearish Structure- Note that despite the Dec-Jan bullish pullback, the overall structure is still bearish.1) Price is still within a falling channel.2) Price is below the 200-, 100-, and the 50-day simple moving averages (SMAs). 3) The fact price failed to reach $40 per share meant that CRSP continued its pattern of lower highs and lower lows.4) Finally, the RSI is still holding under 60, which reflects maintenance of the bearish momentum. Bearish Break:- We saw that price stalled around $30 a share for a couple of weeks between late January and early February. - However, the market sold CRSP lower during the 2/7 session, and price fell below this common support. - With the bearish structure, this bearish breakout opens up the $25 pivot down to the $22.36 low from December. You can see the previous resistance of $25 better on the weekly chart below.- If price does reach down to $22.36, we can anticipate further downside towards $20, which would continue the pattern lower lows.- I am personally looking to get back into this name if price comes back to the $20 area, which was a sticky price since its IPO in 2016, throughout 2017. CRSP Weekly Chart(click to enlarge)