One more time I found my inspiration for After Effects tutorial on Instagram. It was more complex animation than my example in this tutorial but I liked the idea of infinite wave and I tried to recreate it here. Hope you will find it useful.
After Effects Template: http://easyaftereffects.net/wave-path-animation-in-after-effects
Website: http://easyaftereffects.net
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0:00 - Preview
0:06 - Create a Background
0:19 - Draw a wave shape
1:05 - Animate a wave path and loop it
2:29 - Add some object(e.g. Ball)
3:28 - Animate this object like it jumps on the wave
5:04 - Easily change the bounce height as you want
5:41 - Add an arrow to the path
7:20 - Result
Music:
Away - Patrick Patrikios
Beyond - Patrick Patrikios
Just Dance - Patrick Patrikios