The approximate distance of the last run was from about .69 to 3.23. You take the difference which is 2.58 and add that to the breakout point which I'm taking as 1.27 hence the 3.85 which is only a price objective, not the top. I think it can peak close to $5.00 before retrace which could put the next step in the $3.00 range.

Doing a Fibonacci retrace, it would be 50% of an assumed high of $5.00, retrace back to about $2.50 and then slightly increase for the next consolidation phase which would put it in the $3.00 area.