Yes, You Can Actually Fly Like This in Dragon Ball: Sparking! Zero (Flying Ki Boost Guide) 

thank you so much I've been looking on how to do that teleport flight

When I’m not too far I like to do a dash followed by a smash attack cause it helps close a wider gap and possibly catch the opponent off guard and easily go straight into a combo

Thanks!

Can you side dodge waves and ki blasts with the R1 tap strafe?