without seeing a schematic, a visual inspection is warranted .
look for domed /leaking caps , burn marks, poor solder connections , etc....
since there is a "wave" , i'm betting a *linear regulator type pwr suply .
thus, a weak/bad filter cap there is a possibility .
could also be a faulty decoupling cap in the Hosc circuitry - i.e. may cause Horizontal instability
* requires an isolation xformer