On its current downtrend structure, it has convincingly found higher lows. Although is has yet to form a higher high, which would signal a better chance for a reversal, it has other reversal signs as well. It has broken above a long term down trend line. lthough it did have some arguments above/below this trend line recently, it has closed many concurrent candles above this trend line.
The MACD and RSI are showing plenty of room for a price increase if one does take place from this setup.