SPCE: Will this support level break down?

SPCE is right at a major support line within it's uptrend channel with an oversold RSI . Last couple time we experienced these conditions, SPCE bounced back up nicely. So I think, it's less likely for it to break below 20, and should go for a juicy upward movement for the next month or so. Fibonacci extension at 50% is right where we saw a large gap on Feb 26th that needs to be filled at some point making the green box a probable target. The bottom yellow line is absolutely crucial though. It should not be broken down or our next target would be 17, 14, and who knows maybe 9?
There is always a chance of going sideways but since the earnings are coming up soon, I don't see that play out for now but let's see.

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Is this going for the red box?!

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If this doesn't stop today, there will be a free fall next week down to $17 or even $10. Unless they come up with something really uplifting during their earning call on May 10th.

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At the red box. Does it go deeper? Maybe.

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This could be the bottom for this but inflation is so hot right now. If this goes to 20 next week, then there is hope.