Considering the 4h chart, I think that the Elliott Waves are happening like this:
It looks to me like RGBP is still following a parabolic trajectory shown in this chart (several days ago!) by a user on stocktwits:
IMO, last week's run acted as the right side of a cuphandle with historic support around .04 from trading way back in 2017/2018. Thus the rules for cuphandles say we should see at least .040-.001=~.04 added to the breakout point as a profit target. (~.08 which is the April 2021 high.)
Depending on momentum and news, this week's ongoing run could ALSO serve as the right handle of an even bigger cuphandle with historic support around .08 which would take us to around .16 (.08-.001=~.08, added to the breakout point of .08) There are some articulation points in the past around .12 so that number instead could be a more conservative profit target to watch. Due to the parabolic trajectory I think at some point PPS will come crashing down hard as investors rush to take profits. (It's pretty critical to correctly identify buy/sell signals to avoid holding too long or selling prematurely! PPS changes quickly in a parabolic run.)
Further regarding Elliott Waves, in the big picture we may be looking at something like this:
So if I charted/interpreted this correctly, tentatively RGBP could run to anywhere around .12-.16 before cooling way off for a few months, then running again. Remember with Elliott Waves, the move from 2-3 can often provide the most sustained gains, and we may be in a situation where we have both a primary wave (a few months to years) and cycle wave (one to several years) simultaneously running the 2-3.
Elliott Waves:
Please correct me if you see something I missed! (Or confirm if your charting agrees!)