Background
An elementary problem in the calculus of variations shows that among all curves joining two points $A$, and $B$ in the first quadrant, the one which generates the surface of minimum area when rotated about the $x$-axis is the catenary: \begin{equation} y=\cosh \frac{x+C_1}{C},\tag1 \end{equation}
where $C,C_1$ are to be determined by the endpoints $A$ and $B$. There are three cases:
- If there is only one possible catenary through $A$, and $B$, it will be the solution we seek.
- If there are two extremals through the points (from the Euler-Lagrange equation), then one of them is the minimum solution and the other is not.
- If there is no catenary that can be drawn between the two points, then the solution curve will not be smooth (See Goldschmidt's discontinuous solution).
I am interested in the third case.
Question
Suppose we fix the start point of the catenary given above. I seek an equation describing the shape of the boundary that separates those end points through which the catenary can be drawn and those through which it cannot.
My attempt
$(1)$ can alternately be presented as $$C\cosh^{-1}\frac{y}{C}=x+C_1. \tag2$$ Suppose $A=(x_0,y_0)$ is fixed and $B=(x,y)$ is allowed to vary (sorry for reusing notation). Then using these conditions we obtain: \begin{align} C\cosh^{-1}\frac{y_0}{C}&=x_0+C_1 \\ C\cosh^{-1}\frac{y}{C}&=x+C_1 \end{align} Subtracting to eliminate the $C_1$ variable yields:$$\cosh^{-1}\frac{y}{C}-\cosh^{-1}\frac{y_0}{C}=\frac{x-x_0}{C}. \tag3$$
$\cosh^{-1}\frac{y_0}{C}$ ceases to be real when $C>y_0$ so I am tempted to set $C=y_0$ yielding the equation: $$y_0\cosh^{-1}\frac{y}{y_0}+x_0=x. \tag4$$
As an example I let $A=(0,1)$ and I used mathematica to plot $(3)$ for various values of $C$ and $(4)$ on the same screen:
Here the thick line at the end is my proposed boundary and the lines before that are plots for various values of C from $0$ onward. It seems that my solution is a bit too much to the right. Now, rather than subtracting, if I add the $\cosh$ terms in $(3)$, then I get, in my opinion, a better plot but then my solution is incorrect. For reference here is the plot with the terms added:

Here again the thick line is $(4)$ The reason why I think this is the answer is because it "looks better". A possible reason for this may be that $(1)$ satisfies the differential equation: $$y^2-C^2=C^2y'^{2}$$ and when the normal solution method is carried out using variation techniques, only the positive root is considered.
Edit I think that it should be the envelope of the family of catenaries $(1)$, but I do not know how to directly calculate it (other than the implicit $(4)$ with a minus sign instead of a plus).