The Chaikin Oscillator shows the momentum of the accumulation/distribution index, AKA the accumulation/distribution line. This shows us whether buyers outnumber sellers (accumulation) or sellers outnumber buyers (distribution).
We are just entering a new accumulation trend after a long distribution one, so bulls should be able to move the price.
However I’m not calling long or short on this because in a bear market this could be a fake reversal that dies out almost immediately.
Wait for confirmation of a large accumulation trend to long, and short if the accumulation trend flattens or tops out.