An asymptote to a function f(x) is a curve such that the distance between f(x) and said curve becomes arbitrarily small as at least one of x, y becomes infinitely positive or negative.
To illustrate my point, consider the hyperbola y = 1/x and the x axis. By arbitrarily small, I mean that if you give me ANY positive number q, I can find an x value p such that for all x > p, the distance between the hyperbola and the x axis is smaller than q. How do I do this?
Let q > 0 be given.
Then, I want to find p such that for all x > p, |1/x - 0| < q.
Suppose I'm only looking at x > 0 as the other side is done the same way.
1/x < q -> x > 1/q
So if I take p to be 1/q, then for all x values greater than p, the graph 1/x is less than q units away from the x axis. This means that no matter how close you want 1/x to get to the x axis, 1/x can and will ALWAYS be closer than than that distance to the x axis.
In your example, it doesn't matter that the graph happens to intersect the asymptote, as long as the graph approaches the asymptote as x -> infinity