To track the history and progression of the Wave Auction there is the Wave Auction table that posts results for each wave and all of the Wave Auction's history. The Wave Auction table can be found on the account summary page for logged in users at https://hollaex.com/account.
The table as seen below, displays the wave number, amount of tokens in that wave, amount that was filled/bought, what the lowest price the token was distributed at and the status either indicating an incoming wave (black) or the completion (green).
The rows colored green indicate completed waves, the black row indicates an incoming wave with a posted amount to be distributed and grey rows indicate the remaining future waves. The table displays 10 waves per page (wave phase) and each phase records the lowest price to determine the next phases floor price which is determined by the second-lowest price for that wave phase. Login to https://hollaex.com/account to view the Wave Auction table.
Amounts to be distributed are posted publicly (marked in black on the table) and at random times the tokens are auctioned off to the highest bidders. During this waiting time (grace period), all traders are given time to calculate their bids in order to better position themselves to buy the tokens in the incoming wave.
Alternatively on the trading page and directly on the XHT/USDT orderbook on the top is the current incoming wave and other data.
In order to catch the wave and because the time of the sell execution wave is unknown, traders have to expose their bids publicly on the orderbook to guarantee their bids get filled.
As bids are visible to all, this information gives competing traders time to calculate their own competing bid.
To guarantee catching a wave, traders will have to place higher bids and at larger amounts before the wave randomly executes.