RSI Crashed to Zero Unexpectedly while trading, any Idea Why?

[xmrhopium]

Hey folks, I need some help regarding an issues with the RSI on my trading chart, never got this problem until now.

What just happened is: I was trading a coin holding a long position, kept implementing a indicators and had also opened a multiple 3,4 tabs in google for the same coin but when the MACD was very bullish and the RSI line was like nearly a 80 point around then suddenly RSI dropped straight to zero. Price didn't quickly crashed (dropped but not in a heavy way). For more than 10 minutes RSI point showed up @ 0.00, now value has come back much accurately but that RSI line ain't working the way what normally would for trading (got jammed in the bottom line, no movement). Didn't understand the reason behind it. Needed help pls.

Got some issues while for uploading an image thru talkimg.com, once gets fixed ill upload an image too.


Edit: This is an image of the moment when RSI dropped straight to zero.

Same now this way RSI line jammed at the bottom.

[logfiles]

That's quite unusual. Maybe it's a visual bug?

What platform are you using for the chat? If you don't mind, what's the name of the coin and at what time did the unusual crash happen? I want to check out using the tradingview platform if the coin is listed there and see if the same thing is displayed over there.

[xmrhopium]

That's quite unusual. Maybe it's a visual bug?

What platform are you using for the chat? If you don't mind, what's the name of the coin and at what time did the unusual crash happen? I want to check out using the tradingview platform if the coin is listed there and see if the same thing is displayed over there.

I don't really understand and have no clue about it, what was that one and why in sudden that the RSI line dropped to bottom for a while, though it was a very terrible moment.

This was in Bitget sir. I don't mind saying a coin name which I was holding for a long was "Pi coin'' (was not in spot, but in future trading).

It happened around 12:00 AM my local time (...........Standard Time), which is 6:15 PM GMT (the previous day). Actually, the RSI line dropped sharply at that time (mighty it could be a reason of that?).

For the ref. the coin is only listed on three exchanges. OKX, Bitget and Gate.io as of now.

[justinlamode]

RSI crashing to zero simply means you are trading a highly volatile coins that is experiencing pump and dump. Just check if that coin is a newly listen one that have not gotten  enough volume to be stable which is the reason for the unpredictable behavior. Just be careful so you are not left holding the bag while other's cash out their funds.

[logfiles]

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I checked it out and though I was not able to get the 10-minute time frame, I saw the anomalies.
The coin price is highly volatile, with some sharp movements, and so are the perps. I guess that why we are having those abnormal occurrences on the RSI. One thing I noticed when trading newly listed coins, especially their perpetual contracts, is that the indicators would also appear weird and not good for technical analysis.

Trading perpetual contracts of newly listed coins is a huge gamble, since there is not so much historical data that the indicators can rely on. You have to be very careful, OP.

[BitMaxz]

I don't know what tool, software, or website you are analyzing the chart with, but it looks like the screenshot seems it came from the exchange directly, or it looks like the Binance chart on a mobile phone?


What I think is it's a bug if it came from the exchanges. The only solution I could recommend is switching to TradingView for analyzing charts because I never had any issue with the RSI indicator on TradingView, but if you have an issue with the default RSI, there are still many alternative indicator samples like "RSI tops and bottoms." This one is similar to the default one but with divergence signals.

[EarnOnVictor]

Edit: This is an image of the moment when RSI dropped straight to zero.

Same now this way RSI line jammed at the bottom.

It would be lovelier if you showed the name of the exchange/broker, so that others can be watchful of it.

Well, this is an abomination, and in my 20 years of exposure to trading platforms, I've never seen a thing like this, which means it's the fault of the trading platform you are using. Even the Stochastic Oscillator which moves faster than RSI can't do an abominable thing like that, not to mention the RSI itself that I even consider lagging.

Advice: Stop using that platform for your trading analysis, it might have been rigged or bugged. My trading experience has prevented me from even using exchange platforms for my trading analysis. I use only MT4.

[xmrhopium]

Seems kinda bug to me. I think i must leave the bitget for now.

[shinratensei_]

Could be many things but can definitely be a bug.
Not only RSI i've seen tradingview based chart doing funny things like chart deformed and so on.

For all I know it could be just a temporary bug, even price sometime do this kind of thing, going to zero suddenly although rarely happens.