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Ethereum

$ETH and $LINK USD trade patterns almost identical

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Looking at the trading patterns for both ETHUSD and LINKUSD, they both seem to be identical throughout 2021. They were similar for a period in 2018 by then diverged, converging again in 2021.

What caught my eye specifically was the massive dip on Feb 22, 2021. Why are these two trading the same?
chimera_brendo
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chainlinkChart PatternscorrelationcryptoEthereum (Cryptocurrency)Trend Analysis

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chainlinkChart PatternscorrelationcryptoEthereum (Cryptocurrency)Trend Analysis
chimera_brendo
Also on:

Disclaimer

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.