The levels i'm watching - if you want to replicate, put your chart on log scale and choose WoO/BTC pair. The levels correspond to WOO outpacing BTC - so level 1 is a 100% or 1x etc.
At ground zero: i'm accumulating - drop to 10c still possible but bottom might in, below 15c is a steal.
Gameplan:
My guestimate : Marketmakers will propel it rapidly to level 2 when BTC takes off above 70K. See the volume levels spiking historically where this happens earlier on the chart.
Such a moves will be generating extra publicity for the WOO trading platform.
From there it will oscillate between level 2 (bottom protected by the marketmakers, unless there is too much leveraged longs below) and 4 (top - same story but for shorts).
A bag of WOO generates yield and a gives you a cut on the already low commission. Liquidity is high so slippage is minimal.
The levels are largely corresponding with the fibonacci retracement from initial top to the recent bottom.