Post
Topic
Board Trading Discussion
Re: Newbie: What are those mysterious spikes?
by
exstasie
on 28/01/2021, 11:03:27 UTC
Is it possible that someone just traded a very small amount with the wrong price?

E.g. Buying 10 TUSD for $15

It will still show as a spike in the candle chart, regardless of volume.

Am I correct?

Nope. If you look at the order book, an order like that wouldn't move the price even $0.0001.

On that one hourly candle that spiked to $1.0333 in the OP's screenshot, there was $1.73 million traded. That's what caused the spike. Somebody holding a lot of DAI wanted out of the market fast.