If you take a look at the RSI it indicates ~ Oversold which is typically led by an Uptrend movement. Taking a look back on Oct 31st you can see we also dipped to the Oversold indicator which was followed by a nice Uptrend.
Next we may see a push towards .30 through the weekend with the Upgrade to 1.14.5 this could add to the trend.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.